Exercise 5-1 (Algo) The Effect of Changes in Sales Volume on Net Operating Income (LO5-1] Whirly Corporation's contribution format Income statement for the most recent month is shown below: Total Per Unit Sales (8,000 units) $ 248,000 $ 31.00 Variable expenses 152,000 19.00 Contribution margin 96,000 $ 12.00 Fixed expenses 55,500 Net operating income $ 40,500 Required: (Consider each case Independently): 1. What would be the revised net operating Income per month if the sales volume increases by 60 units? 2. What would be the revised net operating income per month if the sales volume decreases by 60 units? 3. What would be the revised net operating income per month if the sales volume is 7,000 units? Answer is complete but not entirely correct. 1. Revised not operating income $ 40,460 2. Revised not operating income 39,7403 3. Revised net operating income 28,100 $ Du Naut