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Carla Vista Markets imports and sells small bear-shaped piatas. In planning for the coming year, the company's owner is evaluating several scenarios. For each
Carla Vista Markets imports and sells small bear-shaped piatas. In planning for the coming year, the company's owner is evaluating several scenarios. For each scenario under consideration, prepare a contribution margin income statement showing the anticipated operating income. Consider each scenario is applied independently to the original data. Last year's income statement is as follows: Total Per Unit Sales revenue $1,152,000 $24.00 Variable expenses 528,000 11.00 Contribution margin 624,000 $13.00 Fixed expenses 175,000 Operating income $449,000 (a) The sales price increases by 10% and sales volume decreases by 6%. (Round per unit answers to 2 decimal places, e.g. 0.38.) Carla Vista Markets Income Statement Sales Variable expenses Contribution margin Fixed expenses Operating income $ eTextbook and Media Save for Later Total $ $ Per Unit Attempts: 0 of 3 used Submit Answer
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