Problem 12-22 (Algo) Prepare a contribution margin format income statement; answer what-if questions 0127,128,129,1212 Shown here is an income statement in the traditional format for a firm with a sales volume of 17,500 units: 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 17,500 units to 1. 22,500 units. 2. 9,500 units. d. Refer to your answer to part a when total revenues were $175,000. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues 1. Increase by $13,500. 2. Decrease by $8,000. Prepare an income statement in the contribution margin format. Calculate the contribution margin per unit and the contribution margin ratio. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Calculate the firm's operating income (or loss) if the volume changed from 17,500 units to Note: Do not round intermediate calculations. Calculate the firm's operating income (or loss) if the volume changed from 17,500 units to 9,500 units. Note: Do not round intermediate calculations. Refer to your answer to part a when total revenues were $175,000. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues increase by $13,500. Note: Do not round intermediate calculations. Refer to your answer to part a when total revenues were $175,000. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues decrease by $8,000. Note: Do not round intermediate calculations. Problem 12-22 (Algo) Prepare a contribution margin format income statement; answer what-if questions 0127,128,129,1212 Shown here is an income statement in the traditional format for a firm with a sales volume of 17,500 units: 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 17,500 units to 1. 22,500 units. 2. 9,500 units. d. Refer to your answer to part a when total revenues were $175,000. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues 1. Increase by $13,500. 2. Decrease by $8,000. Prepare an income statement in the contribution margin format. Calculate the contribution margin per unit and the contribution margin ratio. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Calculate the firm's operating income (or loss) if the volume changed from 17,500 units to Note: Do not round intermediate calculations. Calculate the firm's operating income (or loss) if the volume changed from 17,500 units to 9,500 units. Note: Do not round intermediate calculations. Refer to your answer to part a when total revenues were $175,000. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues increase by $13,500. Note: Do not round intermediate calculations. Refer to your answer to part a when total revenues were $175,000. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues decrease by $8,000. Note: Do not round intermediate calculations
