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Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has...

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Accounting

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Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has been experiencing financial difficulty for some time. The company's contribution format income statement for the most recent month is given below: Sales (12,900 units x $20 per unit) 258,000 Variable expenses Contribution margin Fixed expenses Net operating loss 154,800 103,200 (12,000)

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