Whirly Corporation's most recent Income Statement is shown below:
Total Per Unit
Sales (10,000 units) $350,000 $35.00
Variable expenses 200,000 20.00
Contribution Margin 150,000 $15.00
Fixed expenses 135,000
Net Operating income $15,000
Required: Prepare a new contribution format Income Statement under each of the following conditions (consider each case independently):
1. The sale volume increases by 100 units.
2. The sales volume decreases by 100 units.
3. The sales volume is 9,000 units.
Must show all work.
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