Whirly Corporations most recent income statement is shown below: ...
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Accounting
| Whirly Corporations most recent income statement is shown below: |
| Total | Per Unit | ||||
| Sales (8,600 units) | $ | 266,600 | $ | 31.00 | |
| Variable expenses | 172,000 | 20.00 | |||
| Contribution margin | 94,600 | $ | 11.00 | ||
| Fixed expenses | 55,200 | ||||
| Net operating income | $ | 39,400 | |||
|
| |||||
| Required: | |
| Prepare a new contribution format income statement under each of the following conditions (consider each case independently): | |
| 1. | The sales volume increases by 50 units. |
| 2. | The sales volume decreases by 50 units. |
| 3. | The sales volume is 7,600 units. |
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