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Miller Company's most recent income statement follows: Sales (27,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses Net income Total $324,000 54,000 270,000 23,000

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Miller Company's most recent income statement follows: Sales (27,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses Net income Total $324,000 54,000 270,000 23,000 $247,000 Per Unit $ 12 2 $1e Consider each of the following cases independently. Required: 1. Prepare a new Income statement if the sales volume increases by 15%, and the selling price decreases by $1.00. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales PSY 1 of 2 Next >

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