Whirly Corporation\'s most recent income statement is shown below Sales (7,200 u

Question

Whirly Corporation's most recent income statement is shown below Sales (7,200 units) Variable expenses TotalPer Unit $ 223,200 $31.00 19.00 136,800 Contribution margin Fixed expenses 86,400 $12.00 55,300 Net operating income $31,100 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 Whirly Corporation Contribution Income Statement Total Per Unit Sales ariable expenses Contribution margin (19) ixed expenses

Explanation / Answer

a.

b.

c.

Total Per unit Sales(7200+50)=7250 units 224750 31 Variable expenses(7250 units) 137750 19 Contribution margin $87000 12 Fixed Expenses $55300 Net operating income $31700

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