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Sunland Markets imports and sells small bear-shaped piatas. In planning for the coming year, the companys owner is evaluating several scenarios. For each scenario under

Sunland Markets imports and sells small bear-shaped piatas. In planning for the coming year, the companys 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 years income statement is as follows:

Total

Per Unit

Sales revenue

$954,000 $18.00

Variable expenses

530,000 10.00

Contribution margin

424,000 $8.00

Fixed expenses

175,000

Operating income

$249,000

The sales price increases by 12%, variable cost per unit increases by 15%, fixed expenses increase by $30,000, and sales volume decreases by 15%. (Round per unit answers to 2 decimal places, e.g. 0.38.)

Sunland Markets Income Statement

Total

Per Unit

Sales

$enter a dollar amount $enter a dollar amount rounded to 2 decimal places

Variable expenses

enter a dollar amount enter a dollar amount rounded to 2 decimal places

Contribution margin

enter a total dollar amount $enter a total dollar amount rounded to 2 decimal places

Fixed expenses

enter a dollar amount

Operating income

$enter a total dollar amount

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