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Prepare a contribution format income statement

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Question - Los Hermanos Pollos Corporation, a merchandising company, reported the following results for July:

Number of units sold 5,300

Selling price per unit $590

Cost of goods sold per unit $403

Variable selling expense per unit $58

Total fixed selling expense $124,400

Variable administrative expense per unit $22

Total fixed administrative expense $206,300

Required - Prepare a contribution format income statement in the space below for the month of July.

Reference no: EM132547729

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