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Whirly Corporation's most recent income statement is shown below: Sales (12,500 units) $450,00 $36.00 0 Less: Variable expenses 250,00 20.00 0 Contribution margin 200,000 $16.00
Whirly Corporation's most recent income statement is shown below: Sales (12,500 units) $450,00 $36.00 0 Less: Variable expenses 250,00 20.00 0 Contribution margin 200,000 $16.00 Less: Fixed expenses 185,00 0 Net income $ 15,00 Required: Prepare a new income statement under each of the following conditions (consider each case independently): 1. The sales volume increases by 1,000 units. 2. The sales volume decreases by 1,000 units. 3. The sales volume is 9,250 units
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