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    Oct-2001 - Nov-2016

Category > Management Posted 27 Feb 2018 My Price 7.00

Porter Company

EXERCISE 5–17 Using a Contribution Format Income Statement [LO1, LO4]

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

 

 

 

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 (con- sider each case independently):

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%.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Feb 2018 06:02 PM My Price 7.00

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