Q1) Whirly Corporation most recent income statement is given 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 |
|
Create a new contribution format income statement under each of the given conditions (consider each case independently):
1. Sales volume increases by 100 units.
2. Sales volume decreases by 100 units.
3. Sales volume is 9,000 units.