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i am having trouble with the calculations. can you please help do the steps with explanation? Thank You! Ivanhoe Markets imports and sells small bear-shaped
i am having trouble with the calculations. can you please help do the steps with explanation? Thank You!
Ivanhoe 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: Ivanhoe Markets Income Statement Total Per Unit Sales Variable expenses Contribution margin Fixed expenses Operating income The sales price increases by 10% and variable cost per unit increases by 6% (Round per unit answers to 2 decimal places, eg, 0.38 ) The sales price decreases by 5% and sales volume increases by 15%. (Round per unit answers to 2 decimal places, es 0.38 ) Ivanhoe Markets Income Statement Total Per Unit Sales $ Variable expenses Contribution margin Fixed expenses Operating income Fixed expenses increase by $40,000. (Round per unit answers to 2 decimal places, eg. 0,38.) The sales price increases by 12%, variable cost per unit increases by 15%, fixed expenses increase by $30,000, and sales volume decreases by 15%. (Round per unit answers to 2 decimal places, eg. 0.38 ) Step by Step Solution
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