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Exercise 5-1 Preparing a Contribution Format Income Statement Whirly Corporation's most recent income statement is shown below: Total Per Unit Sales...
Exercise 5-1 Preparing a Contribution Format Income Statement
Whirly Corporation's most recent income statement is shown below:
TotalPer Unit
Sales (8,100 units) $259,200 $32.00
Variable expenses 162,000 20.00
Contribution margin 97,200 $12.00
Fixed expenses 55,200
Net operating income $42,000
Required:
Make 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 7,100 units.
