Drake companys income statement

Reference no: EM131022930

Drake Company's income statement for the most recent year appears below:

Sales (26,000 units)...........................	$650,000
Less: Variable expenses..................	442,000
Contribution margin..........................	208,000
Less: Fixed expenses........................	234,000
Net operating loss.............................	$ (26,000)

Drake’s unit contribution margin is:

1.	$17
2.	$8
3.	$1
4.	$9

Reference no: EM131022930

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