A small business produces a single product and reports the following data: Selling price per unit of 8; Variable cost per unit of 5; Fixed cost of 21,000 per month, the volume of 10,000 per month. If the price is raised to 8.50 and the volume drops to 9,000 per month.

Assume other factors remain the same, the CHANGE in net operating income would be (favorable /unfavorable) amounting to ________________.

Note: Indicate in your solution sheet if the change is FAVORABLE or UNFAVORABLE.

ANSWER IN EXCEL FORMAT PLS