Business, 31.03.2020 03:46 ack12

Magic Realm, Inc., has developed a new fantasy board game. The company sold 47,500 games last year at a selling price of $67 per game. Fixed expenses associated with the game total $855,000 per year, and variable expenses are $47 per game. Production of the game is entrusted to a printing contractor. Variable expenses 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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Magic Realm, Inc., has developed a new fantasy board game. The company sold 47,500 games last year a...