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LI Chery Miller Company's most recent income statement follows: Total ter Unit Sales (15,000 units) $510,000 5 34 Less: Variable expenses 300,000 20 Contribution margin
LI Chery Miller Company's most recent income statement follows: Total ter Unit Sales (15,000 units) $510,000 5 34 Less: Variable expenses 300,000 20 Contribution margin 210,000 $14 Less Fixed expenses 21.000 Net income $109,000 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 5100. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales
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