prepare a contribution margin income statement showing the anticipated operating inc 613989

CB 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 independently. Last year”s income statement is as follows:

Required

1. The sales price increases by 10% and sales volume decreases by 5%.
2. The sales price increases by 10% and variable cost per unit increases by 5%.
3. The sales price decreases by 10% and sales volume increases by 20%.
4. Fixed expenses increase by $20,000.
5. The sales price increases by 10%, variable cost per unit increases by 10%, fixed expenses increase by $25,000, and sales volume decreases by 10%.