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Miller Company's most recent income statement follows: Total Per Unit Sales (10,000 units) $280,000 $28 Less: Variable expenses 170,000 17 Contribution margin 1 10 ,
Miller Company's most recent income statement follows: Total Per Unit Sales (10,000 units) $280,000 $28 Less: Variable expenses 170,000 17 Contribution margin 1 10 , 000 $ 1 1 Less: Fixed expenses 23,000 Net income $ 87,000 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 $2.00. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) 2. Prepare a new income statement if the selling price decreases by $3.0 per unit, and the sales volume increases by 30%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) 3. Prepare a new income statement if the selling price increases by $3.0 per unit, fixed expenses increase by $7,000 and the sales volume decreases by 5%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) 4. Prepare a new income statement if the selling price increases by 5%, variable expenses increase by $0.20 per unit and the sales volume decreases by 20%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.)
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