Exercise 5-1 Preparing a Contribution Format Income St Whirly Corporation\'s mos

Question

Exercise 5-1 Preparing a Contribution Format Income St Whirly Corporation's most recent income statement is shown below: Total Per Unit 152,000 19.00 120,000 $15.00 Sales (8,000 units) Variable expenses $272,000 $34.00 Contribution margin Fixed expenses 55, 100 Net operating income 64,900 Required: Prepare a new contribution format income statement under each of the following case independently): 1. The sales volume increases by 80 units. Whirly Corporation Contribution Income Statement Total Per Unit O Type here to search

Explanation / Answer

1 Total Per unit Sales(8080 units) 274720 34 Variable expenses 153520 19 Contribution margin 121200 15 Fixed expenses 55100 Net operating income 66100 2 Total Per unit Sales(7920 units) 269280 34 Variable expenses 150480 19 Contribution margin 118800 15 Fixed expenses 55100 Net operating income 63700 3 Total Per unit Sales(7000 units) 238000 34 Variable expenses 133000 19 Contribution margin 105000 15 Fixed expenses 55100 Net operating income 49900

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