Porter Company â€™s most recent contribution format income statement is shown below: Total Per Unit Sales (35,000 units) $315,000 $9.00 Variable expenses 245,000 7.00 Contribution margin 70,000 $2.00 Fixed expenses 43,000 Net operating income $ 27,000 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Do not round intermediate calculations. Round your “Per unit” answers to 2 decimal places.) 1. The number of units sold increases by 14%. 2. The selling price decreases by 70 cents per unit, and the number of units sold increases by 21%. 3. The selling price increases by 40 cents per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 2%. 4. Variable expenses increase by 10 cents per unit, the selling price increases by 10%, and the number of units sold decreases by 13%.
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