Whirly Corporations most recent income statement is shown below: Required: Prepare a new contribution format income statement
Question:
Whirly Corporation’s most recent income statement is shown below:
Required:
Prepare a new contribution format income statement under each of the following conditions (consider each case independently):
1. The sales volume increases by 100 units.
2. The sales volume decreases by 100 units.
3. The sales volume is 9,000 units.
Transcribed Image Text:
Total Per Unit Sales (10,000 units) $350,000 $35.00 Variable expenses 200,000 20.00 Contribution margin $15.00 150,000 Fixed expenses 135,000 $ 15,000 Net operating income
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
1 The new income statement would be Total Per Unit Sales 10100 units 353500 3500 Variable expenses 2...View the full answer
Answered By
Mishark muli
Having any assignments and any other research related work? worry less for I am ready to help you with any task. I am quality oriented and dedicated always to produce good and presentable work for the client once he/she entrusts me with their work. i guarantee also non plagiarized work and well researched work to give you straight As in all your units.Feel free to consult me for any help and you will never regret
4.70+
11+ Reviews
37+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
Under what conditions would each of the following either not be available or not be necessary for initial planning? a. Work breakdown structure b. Statement of work c. Specifications d. Milestone...
-
Prepare journal entries to record each of the following sales transactions of a merchandising company. Show supporting calculations and assume a perpetual inventory system. Apr. 1 Sold merchandise...
-
Prepare journal entries to record each of the following sales transactions of a merchandising company. Show supporting calculations and assume a perpetual inventory system. Apr. 1 Sold merchandise...
-
What is the wavelength of light if its frequency is 1.009 106 Hz?
-
As the level of confidence decreases, what happens to the certainty of an interval estimate?
-
Refer to the amortization schedule prepared in Exercise 14-16. Assume a November 30 year-end. Required Part 1 Record the following entries: a. Issuance of the bonds on October 1, 2020 b. Adjusting...
-
A swaption is an option to enter a swap arrangement in the future. Suppose that company B has a debt of \(\$ 10\) million financed over 6 years at a fixed rate of interest of \(8.64 \%\). Company A...
-
You expect to invest your funds equally in four stocks with the following expected returns: Stock Expected Return A........ 16% B........ 14 C........ 10 D........ 8 At the end of the year, each...
-
On January 1 of Year 1, Alpha Corporation issued $400,000 of 8% (cash payable semiannually on June 30 and December 31), three-year bonds to yield 10%. Required a. Compute the selling price of the...
-
a. Create the logic for a program that calculates and displays the amount of money you would have if you invested $5000 at 2 percent simple interest for one year. Create a separate method to do the...
-
Explain how a shift in the sales mix could result in both a higher break-even point and a lower net income.
-
Karlik Enterprises distributes a single product whose selling price is $24 and whose variable expense is $18 per unit. The companys monthly fixed expense is $24,000. Required: 1. Prepare a...
-
A balance scale has unequal arms. A 1.5-kg block appears to have a mass of 1.95 kg on the left pan of the scale (Figure). Find its apparent mass if the block is placed on the right pan. 15kg
-
Provide a specific emotional reaction of a situation you were in. Then explain the emotional reaction using two different theories of emotions. Finally, provide an argument for which of the two...
-
Reflect on the habits strong presenters have. Which of these habits have you developed or polished during the term? Explain how you have developed these skills and how they have benefitted you with...
-
What does an implied term of a contract mean? What are the conditions for a term to be implied in a contract, as pronounced by the Privy Council in BP Refinery (Westernport) Pty Ltd v President,...
-
You tell the waitperson that you are Vegan and ask you what items on the menu are suitable to eat. The waitperson tells you they are not sure as this is their first shift and asks you if they can...
-
How broad should Internet freedom of speech be? What about speech that is fueled by hate? How do we accept responsibility for their words in a world when not just anonymity but also impersonation is...
-
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. A straight bill of lading is an instrument used to collect money owed.
-
Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey legs, sandwich wraps, and funnel cakes. This approach will double the existing number of food stands...
-
To what extent do YOU accept the need for some form of control as a prerequisite for improved individual and organisational performance? Watch Ricardo Semler on Radical wisdom for a company, a school...
-
Kirkaid Company recorded the following transactions for the just completed month. a. $86,000 in raw materials were purchased on account. b. $84,000 in raw materials were requisitioned for use in...
-
Westan Corporation uses a predetermined overhead rate of $23.10 per direct labor-hour. This predetermined rate was based on 12,000 estimated direct labor-hours and $277,200 of estimated total...
-
The following cost data relate to the manufacturing activities of Black Company during the just completed year: Manufacturing overhead costs: Property taxes, factory . . . . . . . . . . . . . . . . ....
-
1 0 . What type of passing parameter based on the following code fragment? class Student { public static void main ( String [ ] args ) { Student s = new Student ( Ali , 2 1 ) ; printData ( s ) ; }...
-
Observe changes occurred in value of all registers, which is accessed by operand in Debug Mode, then fill the blanks. (Write all esi value in L1 and ebx value in L2) TITLE Practice08-1 INCLUDE...
-
ALGORITHM Brute ForceClosest Pair(P) //Finds distance between two closest points in the plane by brute force //Input: A list P of n (n 2) points p(x1, y),..., Pn(xn, yn) //Output: The distance...
Study smarter with the SolutionInn App