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ceymorebucks24 ceymorebucks24
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A year ago
Mega Bright Window Cleaners' monthly income statement at several levels of activity is as follows:

Windows washed2,0004,0006,000
Sales revenue$3,000$6,000$9,000
Cost of goods sold 1,200 2,400 3,600
Gross profit 1,800 3,600 5,400
Operating expenses
 Advertising expense500500500
 Salaries and wages expense7009001,100
 Insurance expense200200200
 Postage expense     500  1,000  1,500
Total operating expenses  1,900  2,600  3,300
Operating income$ (100)$1,000$2,100

Required:

a.Identify each expense as fixed, variable, or mixed.
b.Prepare a contribution margin income statement based on a volume of 5,000
windows.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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tswinson3tswinson3
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A year ago
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