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Miller Company's most recent income statement follows: Per Unit $ 20 10 Sales (16,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses Net income
Miller Company's most recent income statement follows: Per Unit $ 20 10 Sales (16,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses Net income Total $ 320,000 160,000 160,000 63,000 $ 97,000 $ 10 Consider each of the following cases independently. Required: 1. Prepare a new income statement if the sales volume increases by 30%, and the selling price decreases by $3.00. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales Add: Variable expenses Contribution margin Less: Fixed expenses Net income
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