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Ivanhoe Markets imports and sells small bear-shaped piatas. In planning for the coming year, the...

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Accounting

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Ivanhoe Markets imports and sells small bear-shaped piatas. In planning for the coming year, the company's owner is evaluating several scenarios. For each scenario under consideration, prepare a contribution margin income statement showing the anticipated operating income. Consider each scenario is applied independently to the original data. Last year's income statement is as follows: Total Per Unit Sales revenue $ 880,000 $22.00 Variable expenses 480.000 12.00 Contribution margin 400,000 $ 10.00 Fixed expenses 175.000 Operating income $225,000 Fixed expenses increase by $ 40,000. (Round per unit answers to 2 decimal places, eg: 0.38.) Ivanhoe Markets Income Statement Total Per Unit Sales $ $ Variable expenses Contribution margin $ Fixed expenses Operating income $ The sales price increases by 12%, variable cost per unit increases by 15%, fixed expenses increase by $ 30,000, and sales volume decreases by 15%. (Round per unit answers to 2 decimal places, eg. 0.38.) Ivanhoe Markets Income Statement Per Unit Total $ Sales Variable expenses $ Contribution margin Fixed expenses Operating income

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