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Question 13 of 13 2.8/7 III Question List Ivanhoe Markets imports and sells small bear-shaped piatas. In planning for the coming year, the company's owner
Question 13 of 13 2.8/7 III Question List Ivanhoe Markets imports and sells small bear-shaped piatas. 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: Question 1 Accounting Dropdown Per Unit Question 2 Accounting Multistep Total $880.000 Sales revenue $22.00 Question 3 Accounting Dropdown 480,000 12.00 Variable expenses Contribution margin 400,000 $10.00 Question 4 Accounting Dropdown Fixed expenses 175,000 Operating income $225.000 Question 5 Accounting Multistep Question 6 Accounting Multistep (a) The sales price increases by 10% and sales volume decreases by 4%. (Round per unit answers to 2 decimal places, e.g. 0.38.) Question 7 Accounting Multistep Ivanhoe Markets Income Statement Question 8 Accounting Multistep Total Per Unit Question 9 Accounting Dropdown Sales $ $ Variable expenses Question 10 Accounting Multistep Contribution margin $ Question 11 Accounting Multistep Fixed expenses Question 12 Accounting Multisep Operating income $ Viewing Question 13 Accounting Multistep eTextbook and Media Attempts: 0 of 3 used Submlt Answer Save for Later Last saved 3 days ago Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. (b) The sales price increases by 12% and variable cost per unit increases by 6%. (Round per unit answers to 2 decimal places, eg. 0.38.) Ivanhoe Markets Income Statement Total Per Unit Sales $ $ Variable expenses Contribution margin $ Fixed expenses Operating income $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) The sales price decreases by 5% and sales volume increases by 15%. (Round per unit answers to 2 decimal places, eg. 0.38.) Ivanhoe Markets Income Statement Total Per Unit Sales $ $ Variable expenses Contribution margin $ Fixed expenses Operating income $
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