Shown here is an income statement in the traditional format fora firm with a...

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Accounting

Shown here is an income statement in the traditional format fora firm with a sales volume of 7,900 units. Cost formulas also areshown: Revenues $ 34,200 Cost of goods sold ($5,700 + $2.20/unit)23,080 Gross profit $ 11,120 Operating expenses: Selling ($1,180 +$0.09/unit) 1,891 Administration ($3,550 + $0.20/unit) 5,130Operating income $ 4,099 Required:
a. Prepare an income statement in the contribution marginformat.
b. Calculate the contribution margin per unit and thecontribution margin ratio. (Do not round intermediate calculations.Round contribution margin per unit to 2 decimal places.)
c-1. Calculate the firm's operating income (or loss) if thevolume changed from 7,900 units to 11,850 units. (Do not roundintermediate calculations.)
c-2. Calculate the firm's operating income (or loss) if thevolume changed from 7,900 units to 3,950 units. (Do not roundintermediate calculations.) Refer to your answer to part a fortotal revenues of $34,200.
d-1. Calculate the firm’s operating income (or loss) if unitselling price and variable expenses per unit do not change andtotal revenues increase by $11,000. (Round intermediatecalculations to 2 decimal places.)
d-2. Calculate the firm's operating income (or loss) if unitselling price and variable expenses per unit do not change andtotal revenues decrease by $2,500. (Round intermediate calculationsto 2 decimal places.)

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calculation in a 7900 Unit Per Unit sale 34200 433 less cost of goods sold 23080 292 gross profit 11120 141 less Selling expense 1891 024 Administration expense 5130 065 operating income 4099 052 b contribution margin per unit salesvariable cost sales per unit 433 less cost of goods sold 22 gross profit per unit See Answer

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In: AccountingShown here is an income statement in the traditional format fora firm with a sales...Shown here is an income statement in the traditional format fora firm with a sales volume of 7,900 units. Cost formulas also areshown: Revenues $ 34,200 Cost of goods sold ($5,700 + $2.20/unit)23,080 Gross profit $ 11,120 Operating expenses: Selling ($1,180 +$0.09/unit) 1,891 Administration ($3,550 + $0.20/unit) 5,130Operating income $ 4,099 Required:a. Prepare an income statement in the contribution marginformat.b. Calculate the contribution margin per unit and thecontribution margin ratio. (Do not round intermediate calculations.Round contribution margin per unit to 2 decimal places.)c-1. Calculate the firm's operating income (or loss) if thevolume changed from 7,900 units to 11,850 units. (Do not roundintermediate calculations.)c-2. Calculate the firm's operating income (or loss) if thevolume changed from 7,900 units to 3,950 units. (Do not roundintermediate calculations.) Refer to your answer to part a fortotal revenues of $34,200.d-1. Calculate the firm’s operating income (or loss) if unitselling price and variable expenses per unit do not change andtotal revenues increase by $11,000. (Round intermediatecalculations to 2 decimal places.)d-2. Calculate the firm's operating income (or loss) if unitselling price and variable expenses per unit do not change andtotal revenues decrease by $2,500. (Round intermediate calculationsto 2 decimal places.)