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Describe the features of a cvp income statement

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1. Describe the features of a CVP income statement that make it more useful for management decision-making than the traditional income statement that is prepared for external users.

2. The traditional income statement for Wheat Company shows sales $900,000, cost of goods sold $500,000, and operating expenses $200,000. Assuming all costs and expenses are 75% variable and 25% fixed, prepare a CVP income statement through contribution margin.

Reference no: EM13888935

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