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Oriole Markets imports and sells small bear-shaped pinatas. In planning for the coming year, the company's owner is evaluating several scenarios. For each scenario under
Oriole Markets imports and sells small bear-shaped pinatas. 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: Total Per Unit Sales revenue $968,000 $22.00 Variable expenses 440,000 10.00 Contribution margin 528,000 $12.00 Fixed expenses 175,000 Operating income $353,000The sales price increases by 8% and variable cost per unit increases by 6%. [Roundper unit answers to 2 decimal places, 8.3. 0.38.} Oriole Markets Income Statement Total Per Unit Sales 55 $ Variable expenses Contribution margin $ Fixed expenses Operating income 55 The sales price decreases by 5% and sales volume increases by 15%. (Round per unit answers to 2 decimal places, e.g. 0.38.) Oriole Markets Income Statement Total Per Unit Sales $ Variable expenses Contribution margin $ Fixed expenses Operating income $
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