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 ($5,000 - $2.10/unit) Gross profit Operating expensest Selling ($1,160 $0.88/unit) Administrative ($3,000 $0.20/unit) Operating incone Required: $34,200 21,558 $ 12,650 1,760 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 > 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 Revenue Variable expenses: Cost of goods sold $ 15,750 Selling expenses Administrative expenses Total variable expenses 600 1,500 Contribution margin Fixed expenses: Cost of goods sold 5,800 Selling expenses 1,160 Administrative expenses 3,800 Total foxed expenses Operating income $ 34,200 17,850 16,350 10,760 $ 5,590 Haguired A Required D > 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 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 % 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. Required A Required B Required C1 Required C2 Required D1 Required D2 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 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. Required A Required B Required C1 Required C2 Required D1 Required 02 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 Che 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. Required A Required 8 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 increase by $10,000. Note: Round Intermediate calculations to 2 decimal places. Operating income Check my Hel Operating income Required: 55,590 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 02 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 < Required D1 Required D2 >