Question: please help me solve for this Shown here is an income statement in the traditional format for a firm with a sales volume of 7,600
Shown here is an income statement in the traditional format for a firm with a sales volume of 7,600 units. Cos: formulas aiso are shown: 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 7,600 units to 1. 11,400 units 2. 3,800 units d. Refer to your answer to part a for total revenues of $34,500. Calculate the firm's operanng income for loss) if unit selling price and variable expenses per unit do not change and total revenues 1. Increase by $13,500 2. Decrease by $3,000
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