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Preparing Contribution format income statement.
Whirly Corporation's most recent income statement is shown below:
Total Per UnitSales (10,000 units) $350,000 $35.00Less variable expenses 200,000 20.00Contribution margin 150,000 $15.00Less fixed expenses 135,000 Net operating income $15,000
Required:
Prepare a new contribution format income statement under each of the following conditions (consider each case independently):
1. The sales volume increases by 100 units.2. The sales volume decreases by 100 units.3. The sales volume is 9,000 units.
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