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Porter Company's most recent contribution

Porter Company's most recent contribution
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Price: $1.99
Availability: In Stock
Model: A
Average Rating: 5 out of 5 Stars!

Porter Company's most recent contribution format income statement is shown below:

 

 

Total

Per Unit

  Sales (30,000 units)

$150,000  

$5  

  Variable expenses

   90,000  

  3  

 

  Contribution margin

   60,000  

$2  

  Fixed expenses

   50,000  

 

 

  Net operating income

 $ 10,000   

 

 

 

 

Required:

Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Input all amounts as positive values except losses which should be indicated by a minus sign. Do not round intermediate calculations. Round your \"Per unit\" answers to 2 decimal places. Omit the \"$\" sign in your response.)

 

1.

The number of units sold increases by 15%.

2.

The selling price decreases by 50 cents per unit, and the number of units sold increases by 20%.

3.

The selling price increases by 50 cents per unit, fixed expenses increase by $10,000, and the number of units sold decreases by 5%.

4.

Variable expenses increase by 20 cents per unit, the selling price increases by 12%, and the number of units sold decreases by 10%.

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