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 7,500 units. Cost formulas also are shown: Revenues Cost of goods sold ($5,800+ $2.10/unit) Gross profit Operating expenses: Selling ($1,160 $0.08/unit) Administrative ($3,800 +$0.20/unit) Operating income. Required: $ 34,200 21,558 $ 12,650 1,768 5,300 $ 5,590 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 7,500 units to 1. 11,250 units., 2. 3,750 units. d. Refer to your answer to part a for total revenues of $34,200. 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 $10,000. 2. Decrease by $2,500. Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required D1 Required D2 Prepare an income statement in the contribution margin format. Contribution Margin Income Statement Previ 1 of 1 Next 20 points Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required D1 Prepare an income statement in the contribution margin format. Contribution Margin Income Statement Required D2 eBook Revenue 34,200 Variable expenses: Cost of goods sold, $ 15,750 Ask Selling expenses 600 1,500 Print Administrative expenses Total variable expenses Contribution margin References Fixed expenses Cost of goods sold 5,800 Selling expenses 1,160 Administrative expenses 3,800 Total fixed expenses Operating income 17,850 16,350 10,760 $ 5,590 20 points eBook 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 7,500 units to 1. 11,250 units. 2. 3,750 units. d. Refer to your answer to part a for total revenues of $34,200. 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 $10,000. Ask 2. Decrease by $2,500. Complete this question by entering your answers in the tabs below. 14 Print Required A Required B Required C1 Required C2 Required D1 Required D2 References 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 places. Contribution margin per unit Contribution margin ratio $ 2.18 47 % < Required A Required C1 > 20 points 1 eBook Ask Operating income 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 7,500 units to 1. 11,250 units. 2. 3,750 units. d. Refer to your answer to part a for total revenues of $34,200. 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 $10,000. 2. Decrease by $2,500. Complete this question by entering your answers in the tabs below. Print Required A Required B Required C1 Required C2 Required D1 Required D2 References Calculate the firm's operating income (or loss) if the volume changed from 7,500 units to 11,250 units. Note: Do not round intermediate calculations. Operating income 20 points 1 eBook Ask Operating income 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 7,500 units to 1. 11,250 units. 2. 3,750 units. d. Refer to your answer to part a for total revenues of $34,200. 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 $10,000. 2. Decrease by $2,500. Complete this question by entering your answers in the tabs below. Print Required A Required B Required C1 Required C2 Required D1 Required D2 References Calculate the firm's operating income (or loss) if the volume changed from 7,500 units to 3,750 units. Refer to your answer to part a for total revenues of $34,200. Note: Do not round Intermediate calculations. Operating loss Saved Help Save 20 points 1 eBook Ask Operating income. 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 7,500 units to 1. 11,250 units. 2. 3,750 units. d. Refer to your answer to part a for total revenues of $34,200. 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 $10,000. 2. Decrease by $2,500. Complete this question by entering your answers in the tabs below. Print Required A Required B Required C1 Required C2 Required D1 Required D2 References Refer to your answer to part a for total revenues of $34,200. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues increase by $10,000. Note: Round Intermediate calculations to 2 decimal places. Operating income Operating incone 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 7,500 units to 1. 11,250 units. 2. 3,750 units. d. Refer to your answer to part a for total revenues of $34,200. 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 $10,000. 2. Decrease by $2,500. Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required D1 Required D2 Refer to your answer to part a for total revenues of $34,200. 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 $2,500. Note: Round intermediate calculations to 2 decimal places. Operating income