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Question(s) / Instruction(s):

Managerial Accounting: Acct 203 Winter 12

Wheeler Corporation's most recent income statement follows:

                                                                 Total                                     Per Unit

  Sales (8,600 units)                         $231,340                              $26.90  

  Variable expenses                        154,800                                 18.00    

  Contribution margin                    76,540                                   $8.90    

  Fixed expenses                             54,800 

Net operating income                    $21,740                                                  

 Required:

Prepare a new contribution format income statement under each of the following conditions (consider each case independently):

1.            The sales volume increases by 80 units

2.            The sales volume declines by 80 units.

3.            The sales volume is 7,600 units

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