Wheeler Corporations most recent income statement follows: Required: Prepare a new contribution format income statement under each
Question:
Required:
Prepare a new contribution format income statement under each of the following conditions (consider each case independently):
1. The sales volume increases by 50 units.
2. The sales volume declines by 50 units.
3. The sales volume is 7,000units.
Transcribed Image Text:
Total Per Unit Sales (8,000 units). Variable expenses Contribution margin Fixed expenses Net operating income $208,000 $26.00 144,000 18.00 64,000 8.00 56,000 _ 8,000
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1 The new income statement would be Total Per Unit Sales 8050 units 209300 2600 Variable expenses 14...View the full answer
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Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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