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Preparing a contribution format income statement

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Question 1: Preparing a Contribution Format Income Statement

White Limited's most recent income statement is shown below:

TotalPer Unit Sales (6,000 units)    $312,000     $52.00

Variable expenses                         216,000       36.00

Contribution margin                         96,000      $16.00

Fixed expenses                              84,000

Operating income                          $12,000

Required:

Do a new contribution format income statement under each of the following conditions (consider each case independently):

Point 1. The sales volume increases by 200 units.

Point 2. The sales volume declines by 200 units.

Point 3. The sales volume is 5,250 units.

Reference no: EM132463312

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