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 (8,80e units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 290,400 167,200 123,200 55,500 $ 67,700 Per Unit $ 33.00 19.00 $14.ee Required: (Consider each case Independently): 1. What would be the revised net operating Income per month if the sales volume increases by 80 units? 2. What would be the revised net operating Income per month If the sales volume decreases by 80 units? 3. What would be the revised net operating Income per month if the sales volume is 7,800 units? 1. Revised net operating income 2 Revised net operating income 3 Revised net operating income $ 53,700