Cedar Ridge Orthodontics manufactures custom nontraditional orthodontic apparatuses. The following information was reported at the end of the current year: If 70% of the Cost of Goods Sold is variable, and 65% of the SG&A expenses are variable, convert Cedar Ridge's traditional-formatted income statement to a contribution margin income statement format.

Question

Cedar Ridge Orthodontics manufactures custom nontraditional orthodontic apparatuses. The following information was reported at the end of the current year:  If 70% of the Cost of Goods Sold is variable, and 65% of the SG&A expenses are variable, convert Cedar Ridge's traditional-formatted income statement to a contribution margin income statement format.

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The Answer of Cedar Ridge Orthodontics manufactures custom nontraditional orthodontic apparatuses. The following information was reported at the end of the current year:  If 70% of the Cost of Goods Sold is variable, and 65% of the SG&A expenses are variable, convert Cedar Ridge's traditional-formatted income statement to a contribution margin income statement format.

Cedar Ridge Orthodontics Manufactures Custom Nontraditional Orthodontic Apparatuses