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White Limiteds most recent income statement is shown below: Total Per Unit Sales (5,900 units) $ 283,200 $ 48 Variable expenses 147,500 25 Contribution margin
White Limiteds most recent income statement is shown below:
Total | Per Unit | |||||
Sales (5,900 units) | $ | 283,200 | $ | 48 | ||
Variable expenses | 147,500 | 25 | ||||
Contribution margin | 135,700 | $ | 23 | |||
Fixed expenses | 118,450 | |||||
Operating income | $ | 17,250 | ||||
Required:
Prepare a new contribution format income statement under each of the following conditions (consider each case independently):
1. The sales volume increases by 300 units.
2. The sales volume declines by 300 units.
3. The sales volume is 5,150 units.
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