Assume the company produces and sells 85,000 units during the year at a selling price of $9.60 per unit. Prepare a contribution format income statement for the year. Note: Round your intermediate calculations to 2 decimal places. Harris Company Contribution Format Income Statement Sales Variable expenses Contribution margin Fixed expense Net operating income
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Total sales revenue = 85,000 units * $9.60/unit = $816,000 Show more…
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