Thomas Corporation developed the following income statement using a contribution margin approach:
The projected income statement was based on sales of 100,000 units. Thomas has the capacity to produce 120,000 units during the year.
Required:

Question

Thomas Corporation developed the following income statement using a contribution margin approach:
  The projected income statement was based on sales of 100,000 units. Thomas has the capacity to produce 120,000 units during the year.
Required:

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The Answer of Thomas Corporation developed the following income statement using a contribution margin approach:
  The projected income statement was based on sales of 100,000 units. Thomas has the capacity to produce 120,000 units during the year.
Required:

Thomas Corporation Developed the Following Income Statement Using a Contribution