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Kelly Company's most recent contribution format income statement is shown below: Per Unit $10 6...

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Accounting

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Kelly Company's most recent contribution format income statement is shown below: Per Unit $10 6 Sales (60,000 units) Variable expenses Contribution margin Fixed expenses Operating income Total $600,000 360,000 240,000 100,000 $140,000 $ 4 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Round your "Per unit" answers to 2 decimal places.) 1. The number of units sold increases by 30%. Kelly Company Contribution Income Statement Total Per Unit 0 $ 0.00 $ 0 2. The selling price decreases by $1 per unit, and the number of units sold increases by 20%. Kelly Company Contribution Income Statement Total Per Unit 0 $ 0.00 $ 0 3. The selling price increases by $1 per unit, fixed expenses increase by $20,000, and the number of units sold decreases by 10%. Kelly Company Contribution Income Statement 4. Variable expenses increase by 60 cents per unit, the selling price increases by 15%, and the number of units sold decreases by 15%. Kelly Company Contribution Income Statement Total Per Unit 0 $ 0.00 $ O

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