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Miller Company's most recent contribution format income statement is shown below: Sales (44,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $440,000
Miller Company's most recent contribution format income statement is shown below: Sales (44,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $440,000 308,000 132,000 47,000 $ 85,000 Per Unit $10.00 7.00 $3.00 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%. Miller Company Contribution Income Statement Total Per Unit 2. The selling price decreases by $1.40 per unit, and the number of units sold increases by 19%. 2. The selling price decreases by $1.40 per unit, and the number of units sold increases by 19%. Miller Company Contribution Income Statement Total Per Unit 3. The selling price increases by $1.40 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 2%. Miller Company Contribution Income Statement Total Per Unit 4. The selling price increases by 10%, variable expenses increase by 40 cents per unit, and the number of units sold decreases by 9%. Miller Company Contribution Income Statement Total Per Unit
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