Answer Happy

Oriole Markets imports and sells small bear-shaped piñatas. In planning for the coming year, the company's owner is evaluating several scenarios. For each scenario under consideration, prepare a contribution margin income statement showing the anticipated operating income. Consider each scenario is applied independently to the original data. Last year's income statement is as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income Total $1,720,000 860,000 860,000 175,000 $685,000 Per Unit $40.00 20.00 $20.00

The sales price increases by 10% and sales volume decreases by 6%. (Round per unit answers to 2 decimal places, e.g. 0.38.) Sales Variable expenses Contribution margin Fixed expenses Operating income $ Oriole Markets Income Statement Total LA $ Per Unit

The sales price decreases by 5% and sales volume increases by 15%. (Round per unit answers to 2 decimal places, e.g. 0.38.) Sales Variable expenses Contribution margin Fixed expenses Operating income Oriole Markets Income Statement Total $ Per Unit

Fixed expenses increase by $40,000. (Round per unit answers to 2 decimal places, e.g. 0.38.) Sales Variable expenses Contribution margin Fixed expenses Operating income A Oriole Markets Income Statement Total $ Per Unit

The sales price increases by 12%, variable cost per unit increases by 15%, fixed expenses increase by $30,000, and sales volume decreases by 15%. (Round per unit answers to 2 decimal places, e.g. 0.38.) Sales Variable expenses Contribution margin Fixed expenses Operating income tA $ Oriole Markets Income Statement Total LA $ Per Unit