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Oriole, Inc., had the following results for last year: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income Total $2,420,000 1,540,000 880,000 400,000 $480,000

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Oriole, Inc., had the following results for last year: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income Total $2,420,000 1,540,000 880,000 400,000 $480,000 Per Unit $44.00 28.00 $16.00 The sales price decreases by 5%. (Round per unit answers to 2 decimal places, e.g. 0.38.) Oriole, Inc. Income Statement Total Per Unit Sales $ 2299000 $ 44 Variable expenses 1463000 28 Contribution margin 836000 $ 16 Fixed expenses 400,000 Operating income $ 436000 e Textbook and Media Assistance Use

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