Multiple Changes in Profit Plans In an attempt to improve profit performance, Anderson Company follows. Sales Less variable costs Direct materials ANDERSON COMPANY Contribution Income Statement For Month of October (14,400 units x $75) (14,400 units x $10) $144,000 $1,080,000 Direct labor Variable factory overhead (14,400 units x $10) (14,400 units x $4) 144,000 57,600 Selling and administrative (14,400 units x $2) 28,800 (374,400) Contribution margin (14,400 units x $49) 705,600 Less fixed costs Factory overhead. Selling and administrative Net income (loss) 432,000 288,000 (720,000) $(14,400) Required Determine the effect of each of the following independent situations Note: Do not use negative signs with your answers.