value:00 points Magic Realm, Inc, has developed a new fantasy board game. The company sold 15000 games last year at a selling price of $20 per game....
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value: 10.00 points Magic Realm, Inc, has developed a new fantasy board game. The company sold 15000 games last year ata selling price of $20 per game. Fixed expense associated with the game total $182,000 per year, andvariable expense are $6 per game. Production of the game is entrusted to a printing contractor. Variableexpense consist mostly of payments to this contractor. Required:1—a. Prepare a contribution format income statement for the game last year.
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