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In November, Townhouse Corporation Sold 2,100 Units of Its Only

Question 104

Essay

In November, Townhouse Corporation sold 2,100 units of its only product. Its total sales were $195,300, its total variable costs were $84,000, and its total fixed costs were $98,700.
Required:
a. Construct the company's contribution format income statement for November in good form.
b. Redo the company's contribution format income statement assuming that the company sells 2,300 units.

Correct Answer:

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a. \[\begin{array} { l r }
\text { Sale ...

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