Exercise 5-1 The Effect of Changes in Activity on Net Operating Income [LO5-1] Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (8,700 units) Variable expenses Contribution margin Total Per Unit $ 278,400 174,000 104,400 55,900 $ 32.00 20.00 $ 12.00 Net operating income $ 48,500 Fixed expenses Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 90 units? 2. What would be the revised net operating income per month if the sales volume decreases by 90 units? 3. What would be the revised net operating income per month if the sales volume is 7,700 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income