Question: Wheeler Corporations most recent income statement follows: Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently):

Wheeler Corporation€™s most recent income statement follows:

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.

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 full answer

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