Shown here is an income statement
Shown here is an income statement in the traditional format for a firm with a sales volume of17,500 units: Revenues $227,509 Cost of goods sold ($16,539 + $2.96/unit) 61,259 Gross profit $166,259 Operating expenses: Selling {$2,059 + $@.BG/unit) 15,359 Administration ($4,756 + $0.45/unit) 12,525 Operating income $137,575 | Required: at. Prepare an income statement in the contribution margin format. b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate the rm's operating income (or loss) if the volume changed to t22500umm. 2. 9,500 units. d. Refer to your answer to part a when total revenues were $227,500. 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 $13,000. 2. Decrease by $7,500. Prepare an income statement in the contribution margin format. Contribution Margin Income Statement Revenues $ 227,500 Variable expenses: Cost of goods sold Selling expenses Administrative expenses Total variable expenses 0 Contribution margin 227,500 Fixed expenses: Cost of goods sold Selling expenses Administrative expenses Total fixed expenses 0 Operating income $ 227,500 Required A Required B Required C1 Required C2 Required D1 Required DZ Calculate the contribution margin per unit and the contribution margin ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Contribution margin per unit Contribution margin ratio % 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 to 22,500 units. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Required A Required 5 Required C1 Required (:2 Required D1 Required D2 Calculate the rm's operating income (or loss) if the volume changed to 9,500 units. (Do not round intermediate calculations.) complete this question by entering your answers in the tabs below. Required A Required B Required (:1 Required (:2 Required D1 Required D2 Refer to your answer to part a when total revenues were $227,500. 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 $13,000. (Do not round intermediate calculations.) Show leasA complete this question by entering your answers in the tabs below. Required A Required B Required (:1 Required C2 Required I31 Required D2 Refer to your answer to part a when total revenues were $227,500. 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 decrease by $7,500. (Do not round intermediate calculations.) Show lessA
