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Miller Company's most recent income statement follows: Total $440,000 160,000 Per Unit $22 Sales (20,000 units) Less: Variable expenses Contribution margin 280,000 Less Fixed expenses
Miller Company's most recent income statement follows: Total $440,000 160,000 Per Unit $22 Sales (20,000 units) Less: Variable expenses Contribution margin 280,000 Less Fixed expenses 67,000 Net income $213,000 Required: 1. Prepare a new income statement if the sales volume increases by 10%, and the selling price decreases by $4.00. (Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales P IN 2. Prepare a new income statement if the selling price decreases by $3.0 per unit, and the sales volume increases by 20%. (Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 3. Prepare a new income statement if the selling price increases by $2.0 per unit, fixed expenses increase by $8,000, and the sales volume decreases by 5%. (Round "Per Unit" answers to 2 decimal places.) Total Per Unit 4. Prepare a new income statement if the selling price increases by 5%, variable expenses increase by 15 cents per unit, and the sales volume decreases by 30%. (Round "Per Unit" answers to 2 decimal places.) Total P er Unit Sales
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