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Miller Company's most recent income statement follows: Total Sales (21,000 units) $588,000 Per Unit $ 28 Less: Variable expenses 357,000 17 Contribution margin 231,000
Miller Company's most recent income statement follows: Total Sales (21,000 units) $588,000 Per Unit $ 28 Less: Variable expenses 357,000 17 Contribution margin 231,000 $ 11 Less: Fixed expenses 23,000 Net income $208,000 Consider each of the following cases independently. Required: 1. Prepare a new income statement if the sales volume increases by 20%, and the selling price decreases by $1.00. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Sales Total Per Unit 59 2. Prepare a new income statement if the selling price decreases by $3.0 per unit, and the sales volume increases by 15%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Sales Total Per Unit 3. Prepare a new income statement if the selling price increases by $1.0 per unit, fixed expenses increase by $5,000 and the sales volume decreases by 5%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Sales Total Per Unit | 4. Prepare a new income statement if the selling price increases by 5%, variable expenses increase by $0.15 per unit and the sales volume decreases by 10%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Sales Total Per Unit
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