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2. Prepare a new income statement if the sales volume decreases by 1,000 units. Total Per Unit 3. Prepare a new income statement if the sales volume is 9,250 units.

2. Prepare a new income statement if the sales volume decreases by 1,000 units. Total Per Unit 3. Prepare a new income statement if the sales volume is 9,250 units.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2. Prepare a new income statement if the sales volume decreases by 1,000 units. Total Per Unit 3. Prepare a new income statement if the sales volume is 9,250 units. Total Per Unit
Transcribed Image Text:2. Prepare a new income statement if the sales volume decreases by 1,000 units. Total Per Unit 3. Prepare a new income statement if the sales volume is 9,250 units. Total Per Unit
Whirly Corporation's most recent income statement is shown below: Sales (12,500 units) Less: Variable expenses Contribution margin Less: Fixed expenses Net income Total $450,000 250,000 200,000 185,000 $ 15,000 Per Unit Total Per Unit $36 20 $16 Required: 1. Prepare a new income statement if the sales volume increases by 1,000 units.
Transcribed Image Text:Whirly Corporation's most recent income statement is shown below: Sales (12,500 units) Less: Variable expenses Contribution margin Less: Fixed expenses Net income Total $450,000 250,000 200,000 185,000 $ 15,000 Per Unit Total Per Unit $36 20 $16 Required: 1. Prepare a new income statement if the sales volume increases by 1,000 units.
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