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Whirly Corporations most recent income statement is shown below: ...

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Accounting

Whirly Corporations most recent income statement is shown below:

Total Per Unit
Sales (7,500 units) $ 255,000 $ 34.00
Variable expenses 135,000 18.00
Contribution margin 120,000 $ 16.00
Fixed expenses 55,500
Net operating income $ 64,500

Whirly Corporations most recent income statement is shown below:
Total Per Unit
Sales (7,500 units) $ 255,000 $ 34.00
Variable expenses 135,000 18.00
Contribution margin 120,000 $ 16.00
Fixed expenses 55,500
Net operating income $ 64,500

Required:

Prepare a new contribution format income statement under each of the following conditions (consider each case independently):
1.

The sales volume increases by 70 units.

2.

The sales volume decreases by 70 units.

3.

The sales volume is 6,500 units.

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