Seating Company is currently selling 1,400 oversized bean bag chairs a month at a price of $95 per chair. The variable cost of
each chair sold includes $65 to purchase the bean bag chairs from suppliers and a $2 sales commission. Fixed costs are $ 13,000 per month. The company is considering making several operational changes and wants to know how the change will impact its operating income: Prepare the company's current contribution margin income statement. (Use parentheses or a minus sign for an operating loss.)
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Governments of different countries protect the interests of the consumers through the mechanism created by three types of legal provision. These are direct consumer protection laws, anti trust laws or the laws to curb monopolistic practices, and laws to govern management of corporations including trading exchanges.
