please see attached question
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddlewar... ES Apps M Gmail YouTube 9 Maps MindTap - Cengage... VitalSource Booksh... Assignment #6 - Chapter 8 i Saved Help Save & Exit Submit Check my work Miller Company's most recent income statement follows: Total Per Unit 10 Sales (16,000 units) $224, 000 $ 14 Less: Variable expenses 8 points 128, 000 Contribution margin 96 , 080 $ 6 Less: Fixed expenses 39 , 000 eBook Net income $ 57 ,000 Print References Consider each of the following cases independently. Required: 1. Prepare a new income statement if the sales volume increases by 30%, and the selling price decreases by $3.00. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales Mc Graw Hill Type here to search O 2 6 1 061ENG 9:39 AM 2021-03-03 :. . . . . . . . . . . . . . . . . . . . ". . . ". . .. . ". . .ok ences ere to search CM ratio Margin of safety Net operating income . . . . Units O *. . . . . .. . Dollars . .. % . .. . . . . . . . . .. . . .. . . . . . . .. . . . . . .. . . . . . . . . . . F17 DI . .' . . . . . . . . . . ' . . . . . . . ' . . . . . . $12 . . ' . . . . . ? ~ !064ENG .. . . . . . . . . . . . . . . . . . . " . . . . ' Check my work insert . . . ' . . ' . . ' .. . . . . . . . .. . . .. . . . . ... 2021-03-03 ... . 9:40 AM . . . hs prt sc . . . . . . . . . . . .. .10 points Mc eBook Print Graw References Type here to search Sales Required: 3 . . . . . . . . f4 . . .. . . .. . . . . . Consider each of the following cases independently. . . . . . . . . . . . . . . Total intermediate calculations. Round "Per Unit" answers to 2 decimal places.) 6 0 . . . . . . . Per Unit Prev. . . . 17 .. . . . . . . . . f8 1. Prepare a new income statement if the sales volume increases by 30%, and the selling price decreases by $3.00. (Do not round . . 1 of 3 . . + fg 144 Next > . . . .' . .. . 10 11 . ... . . . . . . . . . . . . . ' . . . . . . . . . . . . .. . . . . . . . . . .. . . . . . . . . . . . . . . . . . . ' . . . ' . . ' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . Insert ... . .. . . work . . . . . . . . . . . . . 2021-03-03 9:39 AM . . . . . ort scAssignment #6 - Chapter 8 i Saved Help Save & Exit Submit Check my work 2. Prepare a new income statement if the selling price decreases by $3.0 per unit, and the sales volume increases by 25%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit 10 Sales points eBook Print References Mc raw Hill Prev. 1 of 3 Next > ype here to search O ~ X ! O ( 1) ENG 9:39 2021- . . . . . . .10 points eBook Print References Mc Graw Hill Type here to search Sales . . . . . . . .. . . . . . . Total . . . . 10 Per Unit . . . . " . . . 6. . . . . . . . . . . . . . . . . . . . . . . . 6. .. . .. . . . . . . . . . . . .. .. . . e. . . . ? ~ ! 01 4 ENG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 2021 . . . . . 9:3 . . ... . . . . .10 points Mc Graw eBook Print References Type here to search # . . . Sales . . . $ f4 ". . . . f5 . .. . . . . O Total . . . . . . . . . .. 7 Prev Per Unit 4 - " . . . ... . .. . -. . . " . . . volume decreases by 25%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) .... . . ' . 1 of 3 f8 . . . . . . . . . . 4. Prepare a new income statement if the selling price increases by 5%, variable expenses increase by $0.30 per unit and the sales fg 144 Next > 9 10 . . . . . . . . DDI . . . . . . . . . . . . . . . . . ' . . . ' . . . . . F12 . . . . . . . ' . . .' . . ' . . . ' . ?~ ! 04ENG . . . . . ' . . . . .' . .. .. . . . . insert .... . . . Check my work ... ... . .. . . 2021-03-0 9:39 AM art scM Gmail YouTube Maps MindTap - Cengage... VitalSource Booksh... Assignment #6 - Chapter 8 i Saved Help Save & Exit Submit Check my work 2 Klinken Corporation's contribution margin ratio on the sale of its most popular product is 42%. The product is priced at $92, annual fixed expenses are $860,000. Management is evaluating two options: (1) lowering variable costs by 10% and (2) reducing fixed expenses by 10%. 10 points Required: Calculate the current level of break-even sales in dollars, as well as the break-even sales for the two options. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) eBook Print References Break-even sales in dollars Option 1: Break-even sales in dollars Option 2: Break-even sales in dollars Mc raw ducati :........: Type here to search O ~ ! 0 6 4) ENG 9:39 AM 2021-03-03 . . . . . . . . . . . . . . . . . . . . . . . . . . . . * 4- 4+ 19 144 $10 11 $12 insert prt sc10 points Mc Hill Graw 3 eBook Print References Type here to search . . .. . Sales Required: quarter follows: Contribution margin Less: Fixed expenses Net operating income Less: Variable expenses Break-even point in units sold the nearest whole number.) Break-even point in sales dollars "... . . . ". . ". . O $ 56, 000 $490, 000 Total 140, 000 196, 080 294, 090 Point Break-even -. . . .. . . . 9 . . . 10 ... . . . . . . . . . . . F11 . . . . . . . . . . . . . . ' . . . . . .. ' . . " $12 . . ' . . . . . 1 8 14 4 ENG . . ' . .' . . . . . . ... . . ... . . . . ... . Check my work nsert . . . . . . . . . . .... . . . 2021-03-03 9:40 AM art sc .... . hpreer . . . . .3 2. Without resorting to computations, calculate the total contribution margin at the break-even point for the quarter. Total contribution margin nts eBook Print References 3-a. How many units would have to be sold each quarter to earn a target profit of $98,000? Use the formula method. Units sold to attain target profit 3-b. Verify your answer by preparing a contribution format income statement at the target level of sales. C raw
