CH 12 is Saved Case Files: Nikola... TP Help Save & Exi Shown here is an income statement in the traditional format for a firm with a sales volume of 7,500 units. Cost formulas also are shown: Revenues Cost of goods sold ($5,500 $2.10/unit) $34,400 21,250 Gross profit $13,150 Operating expenses: Selling ($1,160 $0.11/unit) 1,985 Administration ($3,900 $0.20/unit) 5,400 Operating income $5,765 Required: a. Prepare an income statement in the contribution margin format. b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate the firm's operating income (or loss) if the volume changed from 7,500 units to 1. 11,250 units. 2. 3,750 units. d. Refer to your answer to part a for total revenues of $34,400 Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues 1. Increase by $14,000. 2. Decrease by $3,000. Complete this question by entering your answers in the tabs below. Danirad & Denni Demuired C Danidad C Danira t Damira n < Prev 7 of 14 Next > MacBook Air Checke 7 S eBook Print ferences C aw Prepare an income statement in the contribution margin format. Contribution Margin Income Statement Variable expenses: Total variable expenses 0 0 Fixed expenses: Administrative expenses Total fixed expenses 0 $ 0 Help Saved Required B > < Prev 7 of 14 Next > Calculate the contribution margin per unit and the contribution margin ratio. (Do not round intermediate calculations. Round "contribution margin per unit" to 2 decimal places.) Contribution margin per unit Contribution margin ratio: % Required A Required B Required C1 Required C2 Required D1 Required D2 Calculate the firm's operating income (or loss) if the volume changed from 7,500 units to 3,750 units. Refer to your answer to part a for total revenues of $34,400. (Do not round intermediate calculations.) Required A Required B Required C1 Required C2 Required D1. Required D2 Refer to your answer to part a for total revenues of $34,400. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues, calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues increase by $14,000. (Round intermediate calculations to 2 decimal places.) Show less & Required A Required B Required C1 Required C2 Required D1equired D2 es Refer to your answer to part a for total revenues of $34,400. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues, calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues decrease by $3,000. (Round intermediate calculations to 2 decimal places.) Show less &