Question: Statement.) The Garry Corporation's most recent contribution format income statement is shown below: Total Per unit S15 Sales (15,000 units)$225,000 Variable expenses Contribution margin90,000 135.000
Statement.) The Garry Corporation's most recent contribution format income statement is shown below: Total Per unit S15 Sales (15,000 units)$225,000 Variable expenses Contribution margin90,000 135.000 Fixed expenses Net operating incomeS.55.00 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): a. The sales volume increases by 10% and the price decreases by $0.50 per unit. b. The selling price decreases $.1.00 per unit, fixed expenses increase by $15,000. and the sales volume decreases by 5%. c. The selling price increases by 25%, variable expense increases by S0.75 per unit, and the sales volume decreases by 15%. d. The selling price increases by $1.50 per unit, variable cost increases by $1.00 per unit, fixed expenses decrease by S15,000, and sales volume decreases by 12
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