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QUESTION

Fanelli Corporation, a merchandising company, reported the following results for July:

Fanelli Corporation, a merchandising company, reported the following results for July:   Number of units sold 6,800Selling price per unit$610Unit cost of goods sold$420Variable selling expense per unit$64Total fixed selling expense$126,300Variable administrative expense per unit$32Total fixed administrative expense$208,200 Cost of goods sold is a variable cost in this company.

traditional income statement for July. contribution income statement for July.

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