Whirly Corporationâs most recent income statement is shownbelow:
Total Per Unit Sales (8,000 units) $ 280,000 $ 35.00 Variable expenses 152,000 19.00 Contribution margin 128,000 $ 16.00 Fixed expenses 55,100 Netoperating income $ 72,900
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 7,000 units.
Whirly Corporationâs most recent income statement is shownbelow:
| Total | Per Unit | ||||
| Sales (8,000 units) | $ | 280,000 | $ | 35.00 | |
| Variable expenses | 152,000 | 19.00 | |||
| Contribution margin | 128,000 | $ | 16.00 | ||
| Fixed expenses | 55,100 | ||||
| Netoperating income | $ | 72,900 | |||
| 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 7,000 units. |
Related questions
| Whirly Corporationâs most recent income statement is shown below: |
| Total | Per Unit | ||||
| Sales (7,300 units) | $ | 248,200 | $ | 34.00 | |
| Variable expenses | 138,700 | 19.00 | |||
| Contribution margin | 109,500 | $ | 15.00 | ||
| Fixed expenses | 55,100 | ||||
| Net operating income | $ | 54,400 | |||
| 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 6,300 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. |
Whirly Corporationâs most recent income statement is shownbelow: |
| Total | Per Unit | ||||
| Sales (8,100units) | $ | 275,400 | $ | 34.00 | |
| Variableexpenses | 145,800 | 18.00 | |||
| Contributionmargin | 129,600 | $ | 16.00 | ||
| Fixed expenses | 55,300 | ||||
| Net operatingincome | $ | 74,300 | |||
| Required: | |
Prepare a new contribution format income statement under each ofthe following conditions (consider each case independently): | |
| 1. | The sales volume increases by 40 units. |
| 2. | The sales volume decreases by 40 units. |
| 3. | The sales volume is 7,100 units. |
