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Requiered 1-4 thank you! Europa Publications, Inc. specializes in reference books that...

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Accounting

Requiered 1-4 thank you! image
Europa Publications, Inc. specializes in reference books that keep abreast of the rapidly changing political and economic issues in Europe. The results of the company's operations during the prior year are given in the following table All units produced during the year were sold. (Ignore income taxes.) $1,650,000 461,900 657,000 Sales revenue Manufacturing costs: Fixed Variable Selling costs: Fixed Variable Administrative costs Fixed Variable 33,000 63,000 73,000 28,000 Required: 1-a. Prepare a traditional income statement for the company 1-b. Prepare a contribution income statement for the company 2. What is the firm's operating leverage for the sales volume generated during the prior year? 3. Suppose sales revenue increases by 15 percent. What will be the percentage increase in net income 4. Which income statement would an operating manager use to answer requirement

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