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Whirly Corporations contribution format income statement for the most recent month is shown below: Total Sales (7,400 units)

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Answer #1
Case 1 Case 2 Case 3
Unit sales (7400+50)=7450 (7400-50)=7350 6400
Sales (7450*32)=238400 (7350*32)=235200 (6400*32)=204800
Variable expenses (7450*18)=134100 (7350*18)=132300 (6400*18)=115200
Contribution margin $104300 $102900 $89600
Fixed expenses 54800 54800 54800
Revised net operating income $49500 $48100 $34800
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Answer #2
Req 1:Revised Net Operating Income                 49,500
Req 2:Revised Net Operating Income                 48,100
Req 3:Revised Net Operating Income                 34,800

Working Note:

Req 1:Contribution Income Statement


TotalPer   UnitExplanation for   "Total" Column

Sales $        238,400 $                    32(7400+50)*32

Less: Variable expenses         134,100                       18(7400+50)*18

Contribution margin         104,300                       14

Less:Fixed expenses           54,800


Net operating income $          49,500






Req 2:Contribution Income Statement


TotalPer   UnitExplanation for   "Total" Column

Sales $        235,200 $                    32(7400-50)*32

Less: Variable expenses         132,300 $                    18(7400-50)*18

Contribution margin         102,900                       14

Less:Fixed expenses           54,800


Net operating income $          48,100






Req 3:Contribution Income Statement


TotalPer   UnitExplanation for   "Total" Column

Sales $        204,800 $                    32(6400*32)

Less: Variable expenses         115,200 $                    18(6400*18)

Contribution margin           89,600                       14

Less:Fixed expenses           54,800


Net operating income $          34,800



source: managerial accounting
answered by: anonymous
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