Problem 12-21 (Algo) Prepare a contribution margin format income statement; answer what-if questions LO 12-7, 12-8, 12-9 Shown here is an income statement in the traditional format for a firm with a sales volume of 7,700 units. Cost formulas also are shown: Required: a. Prepare an income statement in the contribution margin format. b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate the firm's operating income (or loss) if the volume changed from 7,700 unts to 1. 11,550 units 2. 3,850 units. d. Refer to your answer to part a for total revenues of $34,800. Calculate the firm's operating income (or loss) if unit seling price and variable expenses per unit do not change and total revenues 1. Increase by $12,500. 2. Decrease by $3,000 Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare an income statement in the contribution margin format. Complete this question by entering your answers in the tabs below. Calculate the contribution margin per unit and the contribution margin ratio. Note: Do not round intermediate calculations, Round "contribution margin per unit" to 2 decimal pla Complete this question by entering your answers in the tabs below. Calculate the firm's operating income (or loss) if the volume changed from 7,700 units to 11,550 units. Note: Do not round intermediate caloulations. 2. 3,850 units. d. Refer to your answer to part a for total revenues of $34,800. Calculate the firm's operating income (or loss) if unit selling variable expenses per unit do not change and total revenues 1. Increase by $12,500. 2. Decrease by $3,000 Complete this question by entering your answers in the tabs below. Calculate the firm's operating income (or loss) if the volume changed from 7,700 units to 3,850 units, Refer to your answer to part a for total revenues of $34,800. Note: Do not round intermediate calculations. b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate the firm's operating income (or loss) if the volume changed from 7,700 units to 1. 11,550 units. 2. 3,850 units. d. Refer to your answer to part a for total revenues of $34,800. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues 1. Increase by $12,500. 2. Decrease by $3,000. Complete this question by entering your answers in the tabs below. Pefer to your answer to part a for total revenues of 434,800 . Calculate the firm's operating income (or lots) if unit ieling price and variable expenses per unit do not change and total revenues increase by $12,500. Note: Rovind intermediate calculations to 2 decimal places. 2. 3,850 units. 1. Refer to your answer to part a for total revenues of $34,800. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues 1. Increase by $12,500. 2. Decrease by $3,000. Complete this question by entering your answers in the tabs below. Refer to your answer to port a for total revenues of $34,800. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues decrease by $3,000. Note: Round intermediate calculations to 2 decimal places. Problem 12-21 (Algo) Prepare a contribution margin format income statement; answer what-if questions LO 12-7, 12-8, 12-9 Shown here is an income statement in the traditional format for a firm with a sales volume of 7,700 units. Cost formulas also are shown: Required: a. Prepare an income statement in the contribution margin format. b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate the firm's operating income (or loss) if the volume changed from 7,700 unts to 1. 11,550 units 2. 3,850 units. d. Refer to your answer to part a for total revenues of $34,800. Calculate the firm's operating income (or loss) if unit seling price and variable expenses per unit do not change and total revenues 1. Increase by $12,500. 2. Decrease by $3,000 Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare an income statement in the contribution margin format. Complete this question by entering your answers in the tabs below. Calculate the contribution margin per unit and the contribution margin ratio. Note: Do not round intermediate calculations, Round "contribution margin per unit" to 2 decimal pla Complete this question by entering your answers in the tabs below. Calculate the firm's operating income (or loss) if the volume changed from 7,700 units to 11,550 units. Note: Do not round intermediate caloulations. 2. 3,850 units. d. Refer to your answer to part a for total revenues of $34,800. Calculate the firm's operating income (or loss) if unit selling variable expenses per unit do not change and total revenues 1. Increase by $12,500. 2. Decrease by $3,000 Complete this question by entering your answers in the tabs below. Calculate the firm's operating income (or loss) if the volume changed from 7,700 units to 3,850 units, Refer to your answer to part a for total revenues of $34,800. Note: Do not round intermediate calculations. b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate the firm's operating income (or loss) if the volume changed from 7,700 units to 1. 11,550 units. 2. 3,850 units. d. Refer to your answer to part a for total revenues of $34,800. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues 1. Increase by $12,500. 2. Decrease by $3,000. Complete this question by entering your answers in the tabs below. Pefer to your answer to part a for total revenues of 434,800 . Calculate the firm's operating income (or lots) if unit ieling price and variable expenses per unit do not change and total revenues increase by $12,500. Note: Rovind intermediate calculations to 2 decimal places. 2. 3,850 units. 1. Refer to your answer to part a for total revenues of $34,800. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues 1. Increase by $12,500. 2. Decrease by $3,000. Complete this question by entering your answers in the tabs below. Refer to your answer to port a for total revenues of $34,800. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues decrease by $3,000. Note: Round intermediate calculations to 2 decimal places