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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 (8,600 units) $ 266,600 $ 31.00
Variable expenses 172,000 20.00
Contribution margin 94,600 $ 11.00
Fixed expenses 55,200
Net operating income $ 39,400

Required:

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

The sales volume increases by 50 units.

2.

The sales volume decreases by 50 units.

3.

The sales volume is 7,600 units.

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