Prepare a new contribution format income statement

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Preparing Contribution format income statement.

Whirly Corporation most recent income statement is shown below:


Total

Per Unit

Sales (10,000 units)

$350,000

$35.00

Less variable expenses

200,000

20.00

Contribution margin

150,000

$15.00

Less fixed expenses

135,000


Net operating income

$15,000


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.

Reference no: EM1311465

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