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puceclam446Lv1
28 Sep 2019
Whirly Corporationâs most recent income statement is shownbelow:
Total Per Unit Sales (8,300units) $ 282,200 $ 34.00 Variableexpenses 166,000 20.00 Contributionmargin 116,200 $ 14.00 Fixed expenses 54,600 Net operatingincome $ 61,600
Required: Prepare a new contribution format income statement under each ofthe following conditions (consider each case independently):
1. The sales volume increases by 90 units.
2. The sales volume decreases by 90 units.
3. The sales volume is 7,300 units.
Whirly Corporationâs most recent income statement is shownbelow: |
Total | Per Unit | ||||
Sales (8,300units) | $ | 282,200 | $ | 34.00 | |
Variableexpenses | 166,000 | 20.00 | |||
Contributionmargin | 116,200 | $ | 14.00 | ||
Fixed expenses | 54,600 | ||||
Net operatingincome | $ | 61,600 | |||
Required: | |
Prepare a new contribution format income statement under each ofthe following conditions (consider each case independently): | |
1. | The sales volume increases by 90 units. |
2. | The sales volume decreases by 90 units. |
3. | The sales volume is 7,300 units. |
Elin HesselLv2
28 Sep 2019