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Lucy Corporation's most recent income statement showed the following information: Total Per unit Sales (17,000...

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Lucy Corporation's most recent income statement showed the following information: Total Per unit Sales (17,000 units) P289,000.00 P17.00 Variable expenses 170,000.00 10.00 Contribution margin 119,000.00 P7.00 Fixed expenses 40,000.00 Net operating income P79,000.00 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently and follow the format presented above showing the total amount and per unit amount): (8 points) Case 1: The sales volume increases by 10% and the price decreases by Php0.50 per unit. Case 2: The selling price decreases Php1.00 per unit, fixed expenses increase by Php15,000, and the sales volume decreases by 5%. Case 3: The selling price increases by 25%, variable expense increases by Php0.75 per unit, and the sales volume decreases by 15%. Case 4: The selling price increases by Php1.50 per unit, variable cost increases by Php1.00 per unit, fixed expenses decrease by Php15,000, and sales volume decreases by 12%

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