Prepare a new contribution format income statement

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Reference no: EM1311465

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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