Miller Companys most recent contribution format income statement is shown below:

Total Per Unit

Sales (37,000 units) $370,000 $10.00

Variable expenses $259,000 $7.00

Contribution margin $111,000 $3.00

Fixed expenses $45,000

Net operating income $66,000

Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.)

1. The number of units sold increases by 20%.

Total Per Unit

Sales

Variable Expenses

Contribution Margin

Fixed Expenses

Net Operating Income

2. The selling price decreases by $1.40 per unit, and the number of units sold increases by 20%.

Total Per Unit

Sales

Variable Expenses

Contribution Margin

Fixed Expenses

Net Operating Income

3. The selling price increases by $1.40 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 7%.

Total Per Unit

Sales

Variable Expenses

Contribution Margin

Fixed Expenses

Net Operating Income

4. The selling price increases by 10%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 7%.

Total Per Unit

Sales

Variable Expenses

Contribution Margin

Fixed Expenses

Net Operating Income