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Yuliya22 [10]
3 years ago
8

Gebler Company sells a product for $ 70 per unit. Variable costs are $ 25 per​ unit, and fixed costs are $ 2 comma 500 per month

. The company expects to sell 570 units in September. Prepare an income statement for September using the contribution margin format.
Business
1 answer:
Lynna [10]3 years ago
6 0

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Gebler Company sells a product for $ 70 per unit.

Variable costs are $ 25 per​ unit.

Fixed costs are $ 2500 per month.

The company expects to sell 570 units in September.

Contribution income statement:

Sales= 70*570= $39,900

Variable costs= 570*25= 14250

Contribution margin= 25,650

Fixed costs= 2500

Net income= $23,150

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