Can you show the steps please
Shown here is an income statement in the traditional format for a firm with a sales volume of 17,500 units: $192,500 59,750 $132,750 Revenues Cost of goods sold ($9,000 + $2.90/unit) Gross profit Operating expenses: Selling ($2,450 + $1.05/unit) Administration ($5,250 + $0.50/unit) Operating income 20,825 14,000 $ 97,925 Required: a. Prepare an income statement in the contribution margin format. b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate the firm's operating income (or loss) if the volume changed to 1. 22,500 units. 2. 9,500 units. d. Refer to your answer to part a when total revenues were $192,500. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues 1. Increase by $13,500. 2. Decrease by $8,500. Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required D1 Required D2 Calculate the firm's operating income (or loss) if the volume changed to 22,500 units. (Do not calculations.) Operating income $ 75,675 Shown here is an income statement in the traditional format for a firm with a sales volume of 17,500 units: $ 192,500 59,750 $ 132,750 Revenues Cost of goods sold ($9,000 + $2.90/unit) Gross profit Operating expenses: Selling ($2,450 + $1.05/unit) Administration ($5,250 + $0.50/unit) Operating income 20,825 14,000 $ 97,925 Required: a. Prepare an income statement in the contribution margin format. b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate the firm's operating income (or loss) if the volume changed to 1. 22,500 units. 2. 9,500 units. d. Refer to your answer to part a when total revenues were $192,500. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues 1. Increase by $13,500. 2. Decrease by $8,500. Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required D1 Required D2 Calculate the firm's operating income (or loss) if the volume changed to 9,500 units. (Do not calculations.) Operating income $ 133,525 Shown here is an income statement in the traditional format for a firm with a sales volume of 17,500 units: $ 192,500 59,750 $132,750 Revenues Cost of goods sold ($9,000 + $2.90/unit) Gross profit Operating expenses: Selling ($2,450 + $1.05/unit) Administration ($5,250 + $0.50/unit) Operating income 20,825 14,000 $ 97,925 Required: a. Prepare an income statement in the contribution margin format. b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate the firm's operating income (or loss) if the volume changed to 1. 22,500 units. 2. 9,500 units. d. Refer to your answer to part a when total revenues were $192,500. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues 1. Increase by $13,500. 2. Decrease by $8,500. Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required D1 Required D2 Refer to your answer to part a when total revenues were $192,500. Calculate the firm's opera selling price and variable expense per unit do not change and total revenues, calculate the firr unit selling price and variable expense per unit do not change and total revenues increase by : intermediate calculations.) Operating income $ 111,425 Shown here is an income statement in the traditional format for a firm with a sales volume of 17,500 units: $192,500 59,750 $132,750 Revenues Cost of goods sold ($9,000 + $2.90/unit) Gross profit Operating expenses: Selling ($2,450 + $1.05/unit) Administration ($5,250 + $0.50/unit) Operating income 20,825 14,000 $ 97,925 Required: a. Prepare an income statement in the contribution margin format. b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate the firm's operating income (or loss) if the volume changed to 1. 22,500 units. 2. 9,500 units. d. Refer to your answer to part a when total revenues were $192,500. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues 1. Increase by $13,500. 2. Decrease by $8,500. Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required D1 Required D2 Refer to your answer to part a when total revenues were $ 192,500. Calculate the firm's opera selling price and variable expense per unit do not change and total revenues. calculate the firr unit selling price and variable expense per unit do not change and total revenues decrease by intermediate calculations.) Operating income $ 89,425
