Question: 131 Required: Prepare a new contribution format income statement under each of the following conditions (conside each case independently): 1. The sales volume increases by

131 Required: Prepare a new contribution format income statement under each of the following conditions (conside each case independently): 1. The sales volume increases by 200 units. 2. The sales volume declines by 200 units. 3. The sales volume is 5,250 units. EXERCISE 4-2 Prepare a Profit Graph [LO2] Capricio Enterprises distributes a single product whose selling price is $19 and whose variable expense is $15 per unit. The company's fixed expense is $12000 per month. Required: 1. Prepare a profit graph for the company up to a sales level of 4,000 units 2. Estimate the company's break-even point in unit sales using your profit graph. EXERCISE 4-3 Computing and Using the Contribution Margin Ratio; Computing the Break- Even Point [L03, LO5] in March, Mitchell Limited had sales of $250,000 (50,000 units), total variable expenses of $190,0 and total fixed expenses of $36,000. Required: 1. What is the company's CM ratio? 2, Using the CM ratio, calculate the break-even level of sales in dollars

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