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1. 2. Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (8,900 units) Variable expenses Contribution margin Fixed expenses
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Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (8,900 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 275,900 178,000 97,900 54,100 $ 43,800 Per Unit $ 31.00 20.00 $ 11.00 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 30 units? 2. What would be the revised net operating income per month if the sales volume decreases by 30 units? 3. What would be the revised net operating income per month if the sales volume is 7,900 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $ 112,000 27,880 $ 84,120 Makeover $ 56,000 5,720 $ 50, 280 Total $ 168,000 33,600 134,400 90,720 $ 43,680 Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the overall contribution margin (CM) ratio for the company? Overall CM ratio 80% What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations.) Overall break-even point Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Lucido Products Contribution Income Statement Claimjumper Makeover Total $ 0 0 $ 0 $ 0 0 Net operating income (loss)Step by Step Solution
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