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: Sales (8,400 units) Variable expenses Contribution margin Total $ 294,000 159,600 134,400 55,600 $ 78, 800 Per Unit $ 35.00 19.00 $ 16.00 Fixed expenses Net operating income 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 7,400 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income