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Miller Company's most recent income statement follows: Sales (24,000 units) Less: Variable expenses Contribution margin tess: Fixed expenses Het income Per Unit $ 28 17
Miller Company's most recent income statement follows: Sales (24,000 units) Less: Variable expenses Contribution margin tess: Fixed expenses Het income Per Unit $ 28 17 Total $672,680 400,000 264,000 28,000 $236,800 $11 Consider each of the following coses 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 Unh" answers to 2 decimal places.) Total Sales Per Unit 2. Prepare a new income statement of the selling price decreases by $30 per unit and the sales volume increases by 20% (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places) Total
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