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Exercise 8-1 Preparing a Contribution Margin Format Income Statement (LO1 - CC1, 3, 4) Miller Company's most recent income statement follows: Sales (18,000 units) Less:
Exercise 8-1 Preparing a Contribution Margin Format Income Statement (LO1 - CC1, 3, 4) Miller Company's most recent income statement follows: Sales (18,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses Net income Sales Less: Variable expenses Contribution margin Less: Fixed expenses Net income Total $576,000 342,000 Consider each of the following cases independently. Required: 1. Prepare a new income statement if the sales volume increases by 15%, and the selling price decreases by $4.00. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) $ 234,000 43,000 $191,000 Total Per Unit $32 19 $13 43,000 $ 143,300 Per Unit $28.00 579,600 393,300 186,300 $9.00 19.00
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