In July, Meers Corporation sold 3,700 units of its only product. Its total sales were $107,300, its total variable expenses were $66,600, and its total fixed expenses were $34,800.Required:a. Construct the company's contribution format income statement for July.b. Redo the company's contribution format income statement assuming that the company sells 3,400 units.

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The Answer of In July, Meers Corporation sold 3,700 units of its only product. Its total sales were $107,300, its total variable expenses were $66,600, and its total fixed expenses were $34,800.Required:a. Construct the company's contribution format income statement for July.b. Redo the company's contribution format income statement assuming that the company sells 3,400 units.

In July, Meers Corporation Sold 3,700 Units of Its Only