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Q1) Whirly Corporation most recent income statement is given below:

Total Per Unit
Sales (10,000 units) $350,000 $35.00
Less variable expenses 200,000 20.00
Contribution margin 150,000 $15.00
Less fixed expenses 135,000
Net operating income $15,000

Create a new contribution format income statement under each of the given conditions (consider each case independently):

1. Sales volume increases by 100 units.

2. Sales volume decreases by 100 units.

3. Sales volume is 9,000 units.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M918760

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