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MacNeil Company's most recent contribution format income statement is show below: Sales (40,000 units) Variable Expenses Contribution Margin Fixed Expenses Operating Income Total $800,000 $520,000 $280,000 $120,000 $160,000 Per Unit $20 $13 $7 Prepare a new contribution format income statement under each of the following conditions (consider each case independently): 1. The number of units sold increase by 25%. 2. The selling price decreases by $2 per unit and the number of units sold increase by 30% 3. The selling price increases by $2 per unit and the fixed expenses increase by $35,000 and the number of units sold decrease by 15%. 4. Variable expenses increase by 75 cents per unit, the selling price increases by 20% and the number of units sold decreases by 5%.

MacNeil Company's most recent contribution format income statement is show below: Sales (40,000 units) Variable Expenses Contribution Margin Fixed Expenses Operating Income Total $800,000 $520,000 $280,000 $120,000 $160,000 Per Unit $20 $13 $7 Prepare a new contribution format income statement under each of the following conditions (consider each case independently): 1. The number of units sold increase by 25%. 2. The selling price decreases by $2 per unit and the number of units sold increase by 30% 3. The selling price increases by $2 per unit and the fixed expenses increase by $35,000 and the number of units sold decrease by 15%. 4. Variable expenses increase by 75 cents per unit, the selling price increases by 20% and the number of units sold decreases by 5%.

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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Question 1: MacNeil Company's most recent contribution format income statement is show below: Sales (40,000 units) Variable Expenses Contribution Margin Fixed Expenses Operating Income Total $800,000 $520,000 $280,000 $120,000 $160,000 Per Unit $20 $13 $7 Prepare a new contribution format income statement under each of the following conditions (consider each case independently): 1. The number of units sold increase by 25%. 2. The selling price decreases by $2 per unit and the number of units sold increase by 30% 3. The selling price increases by $2 per unit and the fixed expenses increase by $35,000 and the number of units sold decrease by 15%. 4. Variable expenses increase by 75 cents per unit, the selling price increases by 20% and the number of units sold decreases by 5%.
Transcribed Image Text:Question 1: MacNeil Company's most recent contribution format income statement is show below: Sales (40,000 units) Variable Expenses Contribution Margin Fixed Expenses Operating Income Total $800,000 $520,000 $280,000 $120,000 $160,000 Per Unit $20 $13 $7 Prepare a new contribution format income statement under each of the following conditions (consider each case independently): 1. The number of units sold increase by 25%. 2. The selling price decreases by $2 per unit and the number of units sold increase by 30% 3. The selling price increases by $2 per unit and the fixed expenses increase by $35,000 and the number of units sold decrease by 15%. 4. Variable expenses increase by 75 cents per unit, the selling price increases by 20% and the number of units sold decreases by 5%.
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