A manufacturer's contribution margin income statement for the year follows. Prepare contribution margin income statements for each of the three separate cases below Contribution Margin Income Statement Sales (14,000 units X 512 per unit) $ 160,000 Variable costs (24.eee units $7 per unit) 98,000 Contribution margin (14,000 units - $5 per unit 70,000 Fixed costs 57.000 Income $ 13,00 1. The 14.000 units produced and sold increases to 14.500 units and fixed costs increase by 56,300. 2. Unit selling price decreases by 5% and units produced and sold increase by 8%. Hint A unit increase has both a sales and costs impact 3. Fixed costs increase by $16,100, variable costs per unit decrease by $1 and units produced and sold increase by 400. 1. The 14,000 units produced and sold increases to 14,500 units and fixed costs increase by $6,300. Contribution Margin Income Statement Contribution margin 1. The 14,000 units produced and sold increases to 14,500 units and fixed costs increase by $6,300. Contribution Margin Income Statement Contribution margin $ Kok Income (loss) ht -nces 2. Unit selling price decreases by 5% and units produced and sold increase by 8%. Contribution Margin Income Statement 0 Contribution margin $ 0 Income (loss) 3. Fixed costs increase by $16,100, variable costs per unit decrease by $1, and units produced and sold increase by 400. Contribution Margin Income Statement Saved ------ Contribution Margin Income Statement Contribution margin 0 Income (loss) $ $ 0 3. Fixed costs increase by $16,100, variable costs per unit decrease by $1, and units produced and sold increase by 400. Contribution Margin Income Statement Contribution margin 0 Income (loss) $ 0