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Miller Company's contribution format income statement for the most recent month is shown below: Sales (20,000 units) Variable expenses Contribution margin Fixed expenses Net
Miller Company's contribution format income statement for the most recent month is shown below: Sales (20,000 units) Variable expenses Contribution margin Fixed expenses Net operating Income Total $300,000 Per Unit $ 15.00 180,000 9.00 120,000 $ 6.00 70,000 $ 50,000 The company adjusted the above data to estimate next month's net operating income based on four different sets of financial projections. For each of these four scenarios (which are independent from one another), the company recast the projected contribution format income statement in the form of a data visualization. Your task is to interpret each visualization and answer the corresponding questions. Contribution Format Income Statement- Scenario 1 Sales Variable Expenses Contribution Format Income Statement- Scenario 2 Contribution Format Income Statement- Scenario 3 Contribution Format Income Statement- Scenario 4 Contribution Margin $142,500 Fixed Selling Expenses $90,000 $313,500 Account Sales Variable Expenses Contribution Margin Fixed Selling Expenses Net Operating Income $171,000
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