Travelers aid most recent income statement follows:
Total Per unit
Sales (3000 units) $90,000 $30.00
Variables expenses $54,000 $18.00
Contribution margin $36,000 $12.00
Fixed expenses $22,000
Net operating income $14,000
Prepare a new contribution format income statement under the following condition:
The sales volume increases by 150 units. (New sales are 3,150 units)