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Pumbaa Inc. sells a single product. Pumbaa 's income statement for the most recent year...

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Accounting

Pumbaa Inc. sells a single product. Pumbaa 's income statement for the most recent year is presented below.

Sales (4,000 units) $120,000

Less variable expenses (68,000)

Contribution margin 52,000

Less fixed expenses (39,000)

Operating income $ 13,000

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