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Prepare contribution margin income statement for Head-First

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Reference no: EM132871564

Problem - Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. Product costs include: Variable selling expense is a commission of $3 per helmet; fixed selling and administrative expense totals $29,500.

Required -

1. Calculate the total variable cost per unit.

2. Calculate the total fixed expense for the year.

3. Prepare a contribution margin income statement for Head-First Company for the coming year.

Reference no: EM132871564

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