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Memofax, Inc., produces memory enhancement kits for fax machines. Sales have been very erratic,with some...

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Accounting

Memofax, Inc., produces memory enhancement kits for fax machines. Sales have been very erratic,

with some months showing a profit and some months showing a loss. The company's contribution

format income statement for the most recent month is given below:

image
CoursHeroTranscribedText: Sales (13,500 units at $20 per unit) $270,000 Variable expenses . . .. 189.000 Contribution margin . 81.000 Fixed expenses . .. 90,000 Net operating loss . .. S (9.000)

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