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Miller Company's most recent contribution format income statement is shown below: Sales (39,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $195,000
Miller Company's most recent contribution format income statement is shown below: Sales (39,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $195,000 78.000 117,000 42,000 $75,000 Per Unit $5.00 2.00 $3.00 - Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently):( answers to 2 decimal places.) 1. The number of units sold increases by 11%. Miller Company Contribution Income Statement Total Per Unit 0.00 2. The selling price decreases by $1.20 per unit, and the number of units sold increases by 17%. Miller Company Contribution Income Statement Total Per Unit 0.00 3. The selling price increases by $1.20 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 8% Miller Company Contribution Income Statement Total Per Unit 0 $ 0.00 4. The selling price increases by 20%, variable expenses increase by 40 cents per unit, and the number of units sold decreases 4. The selling price increases by 20%, variable expenses increase by 40 cents per unit, and the number of units sold decreases by 15% Miller Company Contribution Income Statement Total Per Unit 0 $ 0.00 References eBook & Resources Difficulty 1 Fas Learning Obiective 03-04 Show the effects
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