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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 (7,200 units) $ 237,600 $ 33.00
Variable expenses 136,800 19.00
Contribution margin 100,800 $ 14.00
Fixed expenses 55,400
Net operating income $ 45,400

Required:

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

The sales volume increases by 40 units.

2.

The sales volume decreases by 40 units.

3.

The sales volume is 6,200 units.

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