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Miller Company's most recent income statement follows: Per Unit Sales (25,000 units) $ 750,000 30 Less: Variable expenses 450,000 18 Contributi on margin 300,000 12
Miller Company's most recent income statement follows: Per Unit Sales (25,000 units) $ 750,000 30 Less: Variable expenses 450,000 18 Contributi on margin 300,000 12 Less: Fixed expenses 67,000 Net income $ 233,000 Required 1. Prepare a new income statement if the sales volume increases by 10%, and the selling price decreases by $2.00. (Round "Per Unit" answers to 2 decimal places.) Total Sales Less:variable expenses Contribution margin Less: fixed expenses
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