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I AM OFFERING ALOT OF POINTS SO PLEASE ANSWER THEM CORRECTLY WITH EXPLANATIONS Shown here is an income statement in the traditional format for a

I AM OFFERING ALOT OF POINTS SO PLEASE ANSWER THEM CORRECTLY WITH EXPLANATIONS

Shown here is an income statement in the traditional format for a firm with a sales volume of 16,500 units:

Revenues $ 181,500
Cost of goods sold ($10,500 + $2.85/unit) 57,525



Gross profit $ 123,975
Operating expenses:
Selling ($2,250 + $1.00/unit) 18,750
Administration ($4,600 + $.35/unit) 10,375



Operating income $ 94,850

Prepare an income statement in the contribution margin format. (Omit the "$" sign in your response.)

(IN CASE THE DROP DOWN BOXES DONT DISPLAY THE INFO. OR PROPERLY..the first box is revenues and is correct

I got all of the drop down boxes correct..they are as follows: box2 cost of good sold box 3 selling expenses box 4 administrative expenses box 5 under dixed expenses cost of good sold box 6 administrative expenses box7 selling expenses box8 under total fixed is operating income. SO NOW JUST NEED THE NUMBERS/amounts (for requirement 3 and 4 the drop down for all are operating income)

1. revenues $__________

VARIABLE EXPENSES:

2. Cost of goods sold $_____________

3. selling expenses $_____________

4. administrative expenses $_________

TOTAL VARIABLE EXPENSES: __________

CONTRIBUTION MARGIN:__________

FIXED EXPENSES:

5.cost of good sold $_______

6. administative expenses $__________

7. selling expenses

TOTAL FIXED EXPENSES:_______

OPERATING INCOME$____________

Calculate the contribution margin per unit and the contribution margin ratio. (Round your answers to 2 decimal places. Omit the "$" and "%" signs in your response.)


Contribution margin per unit $
Contribution margin ratio %

Requirement 3:
(a)

Calculate the firm's operating income (or loss) if the volume changed from 16,500 units to 21,500 units.(Do not round your intermediate calculations. Input the amount as positive value. Omit the "$" sign in your response.)


OPERATING INCOME $__________

(b)

Calculate the firm's operating income (or loss) if the volume changed from 16,500 units to 8,500 units.(Do not round your intermediate calculations. Input the amount as positive value. Omit the "$" sign in your response.)


OPERATING INCOME$__________

Requirement 4:
Refer to your answer to requirement 1 when total revenues were $181,500.
(a)

Calculate the firm's operating income (or loss) if unit selling price and variable expenses do not change, and total revenues increase by $14,500. (Do not round your intermediate calculations. Input the amount as positive value. Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)


OPERATING INCOME$___________

(b)

Calculate the firm's operating income (or loss) if unit selling price and variable expenses do not change, and total revenues decrease by $7,500. (Do not round your intermediate calculations. Input the amount as positive value. Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)


OPERATING INCOME$__________

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