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Financial statements of Castle Corporation for 2009

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Information from the financial statements of Castle Corporation for 2009 is set out below (see attachment).

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Pro-Forma Contribution Margin Income Statement
For the Quarter Ended May 31

Sales revenue
Less variable expenses:
Variable cost of goods sold
Variable selling expenses

Contribution margin

Less fixed expenses:
Fixed Manufacturing cost of goods sold
Fixed Administrative expenses

Net operating income...................................................

Q2.

a)

Pro-Forma Contribution Margin Income Statement
For the Quarter Ended May 31

Sales revenue
Less variable expenses:
Variable cost of goods sold
Variable selling expenses

Contribution margin

Less fixed expenses:
Fixed Manufacturing cost of goods sold
Fixed Administrative expenses ...

Solution Summary

Response guides regarding financial statements of Castle Corporation for 2009.

$2.19