Preparing a Contribution Format Income Statement Wheeler Corporation's most recent income statement follows:
| Total | Per Unit |
Sales(8,000 units | $208,000 | $26.00 |
Variable expenses | 144,00 | 18.00 |
Contribution margin | 64,000 | $ 8.00 |
Fixed expenses | 56,000 |
|
Net operating income | $ 8,000 |
|
Required:
Prepare a new contribution format income statement under each of the following conditions(consider each case independently):
1. The sales volume increases by 50 units.
2. The sales volume declines by 50 units.
3. The sales volume is 7.000 units.
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