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Prepare a new contribution format income statement

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Question - Preparing a Contribution Format Income Statement. Wheeler Corporation's most recent income statement follows.

Total

Per Unit

Sales (8,000 units)

$208,000

$26.00

Variable expenses

244.000

18.00

Contribution margin

64.00

$8.00

Fixed expenses

56.00

Net Operating income

$8,000

Required: Prepare a new Contribution format income statement under each of the following conditions (consider each case independently):

1. The sales volume increases by 50 units

2. The sales volume declines by 50 units.

3. The sales volume is 7,000 units.

Reference no: EM132008264

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