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Porter Company s most recent contribution format income statement is shown below: Total Per Unit Sales (36,000 units) $252,000 $7.00 Variable expenses 180,000 5.00 Contribution

Porter Company s most recent contribution format income statement is shown below:

Total Per Unit
Sales (36,000 units) $252,000 $7.00
Variable expenses 180,000 5.00
Contribution margin 72,000 $2.00
Fixed expenses 45,000
Net operating income $ 27,000

Required:

Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.)

1. The number of units sold increases by 19%.

2. The selling price decreases by 70 cents per unit, and the number of units sold increases by 21%.

3. The selling price increases by 50 cents per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 7%.

4. Variable expenses increase by 10 cents per unit, the selling price increases by 20%, and the number of units sold decreases by 14%.

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