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White Limited's most recent income statement is shown below: Total Per Unit Sales (5,800 units) $ 266,800 $ 46 Variable expenses 139,200 24 Contribution margin
White Limited's most recent income statement is shown below:
Total Per Unit Sales (5,800 units) $ 266,800 $ 46 Variable expenses 139,200 24 Contribution margin 127,600 $ 22 Fixed expenses 111,100 Operating income $ 16,500
Required:
A new contribution format income statement under each of the following conditions (consider each case independently):
1. The sales volume increases by 290 units.
2. The sales volume declines by 290 units.
3. The sales volume is 5,050 units.
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