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Miller Companys most recent income statement follows: Total Per Unit Sales (15,000 units) $ 300,000 $ 20 Less: Variable expenses 180,000 12 Contribution margin 120,000

Miller Companys most recent income statement follows:

Total Per Unit
Sales (15,000 units) $ 300,000 $ 20
Less: Variable expenses 180,000 12
Contribution margin 120,000 $ 8
Less: Fixed expenses 70,000
Net income $ 50,000

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 $1.00. (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 $4 per unit, and the sales volume increases by 25%. (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 $1 per unit, fixed expenses increase by $20,000 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 $1 per unit and the sales volume decreases by 10%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.)

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