I need the solution to this question including all steps:
Prepare a contribution Form at Income Statement WheelerCorporation's most reccent income statement follows:
Total Per Unit Sales 8,000 units 208,000 $26.00 Variable expenses 244.000 18.00
Contribution margin 64.00 $8.00
Fixed expenses 56.00 Net operating income $8,000
Prepare a new contribution format income statement under each ofthe following conditions (consider each case independently)
1. The sales volume increases by 50 units
2. The sale volume declines by 50 units
3. The sales volume is 7,000 units
I need the solution to this question including all steps:
Prepare a contribution Form at Income Statement WheelerCorporation's most reccent income statement follows:
| Total | Per Unit | ||
| Sales 8,000 units | 208,000 | $26.00 | |
| Variable expenses | 244.000 | 18.00 | |
| Contribution margin | 64.00 | $8.00 | |
| Fixed expenses | 56.00 | ||
| Net operating income | $8,000 |
Prepare a new contribution format income statement under each ofthe following conditions (consider each case independently)
1. The sales volume increases by 50 units
2. The sale volume declines by 50 units
3. The sales volume is 7,000 units
Related questions
I need the solution to this question including allsteps:
Prepare a contribution Form at Income Statement WheelerCorporation's most reccent income statement follows:
| Total | Per unit | |||
| Sales 8,000 units | 208,000 | $26.00 | ||
| Variable expenses | 244.00 | 18.00 | ||
| Contribution margin | 64.00 | $8.00 | ||
| Fixed expenses | 56.00 | |||
| Net operating income | $8,000 |
Prepare a new contribution format income statement under each ofthe following conditions (consider each case independently)
1. The sales volume increases by 50 units
2. The sale volume declines by 50 units
3. The sales volume is 7,000 units
Whirly Corporationâs most recent income statement is shownbelow:
| Total | Per Unit | ||||
| Sales (8,000 units) | $ | 280,000 | $ | 35.00 | |
| Variable expenses | 152,000 | 19.00 | |||
| Contribution margin | 128,000 | $ | 16.00 | ||
| Fixed expenses | 55,100 | ||||
| Netoperating income | $ | 72,900 | |||
| Required: | |
Prepare a new contribution format income statement under each ofthe following conditions (consider each case independently): | |
| 1. | The sales volume increases by 90 units. |
| 2. | The sales volume decreases by 90 units. |
| 3. | The sales volume is 7,000 units. |
