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    Prepare a contribution format income statement

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    See problem attached.

    Income Statement:

    Total Per Unit
    Sales (7,900 units) $207,770 $26.3
    Variable expenses 138,250 17.5
    Contribution margin 69,520 $8.8
    Fixed expenses 54,300
    Net operating income $15,220

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

    Requirement 1:
    The sales volume increases by 60 units.
    Total
    Sales $
    Variable expenses
    Contribution margin
    Fixed expenses
    Net operating income $

    Requirement 2:
    The sales volume declines by 60 units.
    Total
    Sales $
    Variable expenses
    Contribution margin
    Fixed expenses
    Net operating income $

    Requirement 3:
    The sales volume is 6,900 units.
    Total
    Sales $
    Variable expenses
    Contribution margin
    Fixed expenses
    Net operating income(loss) $

    Many thanks

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    https://brainmass.com/economics/income-distribution/prepare-contribution-format-income-statement-230804

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