Shown here is an income statement in the traditional format for a firm with a sales volume of 15,500 units: $155,000 54,675 $100,325 Revenues Cost of goods sold ($10,500 - $2.85/unit) Gross profit Operating expenses: Selling ($2,350 + $0.75/unit) Administration (55,100 + $0.45/unit) Operating income 13,975 12.075 $ 74,275 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 for loss) if the volume changed to 1. 20,500 units 2. 7,500 units d. Refer to your answer to part a when total revenues were 155.000. Calculate the firm's operating income for loss) if unit selling price and variable expense per unit do not change and total revenues 1. Increase by $14,500 2. Decrease by $8.000 Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Required C2 Required D Required D2 Prepare an income statement in the contribution margin format Required A Required B Required C1 Required C2 Required D1 Required D2 Prepare an income s nt in the contribution margin format. Contribution Margin Income Statement Revenues Variable expenses Selling expenses Administrative expenses > Total variable expenses 0 0 Fbced expenses Total fored expenses 0 S 0 Required B > 2. 1,000 US. d. Refer to your ans part a when total revenues were $155,000. Calculate the firm's operating income (or loss) if unit sellin and variable expense per unit do not change and total revenues 1. Increase by $14,500. 2. Decrease by $8,000 Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required ci Required C2 Required Di Required D2 Calculate the contribution margin per unit and the ontribution margin ratio. (Dond round intermediate calculations, Round your answers to 2 decimal places. Contribution margin per unit Contribution margin ratio c. Calculate the firm's op g income (or loss) if the volume changed to 1. 20,500 units. 2. 7,500 units d. Refer to your answer to part a when total revenues were $155,000 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 $14,500 2. Decrease by $8,000. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C: Required C2 Required 1 Required D2 Calculate the firm's operating income (or loss) if the volume changed to 20,500 units. calculations.) not round intermediate b. Calculate the contr margin per unit and the contribution margin ratio c. Calculate the firm's operating income (or loss) if the volume changed to 1. 20.500 units 2.7.500 units d. Refer to your answer to part a when total revenues were $155,000. 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 $14,500. 2. Decrease by $8,000 Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C1 Requirbec Required D1 Required D2 Calculate the firm's operating income (or loss) If the volume changed to 7,500 units. (Do not round intermediate calculations.) 11 2. IDU URS d. Refer to your answer to part a when total revenues were $155,000. 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 $14,500. 2. Decrease by $8,000 05 Ints Answer is not complete. 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 when total revenues are $155,000. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not change and total revenues, 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 $14,500. (Do not round intermediate calculations.) Show less 2 1,3 UITS. d. Refer to your answer to warta when total revenues were $155,000. 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 $14,500 2. Decrease by $8,000 Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required c1 Required C2 Required Di Required D2 Refer to your answer to part a when total revenues were: 55,000. Calculate the firm's operating income (or loss) if unit selling price and variable expense per unit do not changed total revenues 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. (Do not round intermediate calculations Show less ho
