The Following Is Allison Corporation's Contribution Format Income Statement for December

question 7

Essay

The following is Allison Corporation's contribution format income statement for December 2013:
The company had no beginning or ending inventories.The company produced and sold 10,000 units in December 2013.
Required:
Assuming no change in either the cost structure or the average selling price,prepare a contribution format income statement for a January,2014 assuming production and sales of 7,500 units for Allison Corporation.

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Definitions:

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