Question: White Limiteds most recent income statement is shown below: Required: Prepare a new contribution format income statement under each of the following conditions (consider each

White Limited€™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 200 units.
2. The sales volume declines by 200 units.
3. The sales volume is 5,250 units.

Total Per Unit Sales (6,000 units).. Variable expenses.. Contribution margin... Fixed expenses.. Operating income.... $52.00 36.00 $16.00 $312,000 216,000 96,000 84,000 $ 12,000

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