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Miller Company's most recent income statement follows: Total Sales (15,000 units) $300,000 Per Unit $20 Less: Variable expenses 180,000 12 Contribution margin 120,000 $8
Miller Company's most recent income statement follows: Total Sales (15,000 units) $300,000 Per Unit $20 Less: Variable expenses 180,000 12 Contribution margin 120,000 $8 tess: Fixed expenses 20,000 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.) Sales Less: Variable expenses Contribution margin Less Fixed expenses Net income Total Per Unit 0 $ 000 $ 0
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