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Colen Corporation produces and sells a single product. In January, the company sold 1,700 units....

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Question

Accounting

Colen Corporation produces and sells a single product. In January, the company sold 1,700 units. Its total sales were $153,000, its total variable expenses were $79,900, and its total fixed expenses were $56,800.

Required:

a. Construct the company's contribution format income statement for January in good form.

b. Redo the company's contribution format income statement assuming that the company sells 1,600 units.

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