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plz asap. will give you thumbs up Miller Company's most recent income statement follows: Sales (19,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses
plz asap. will give you thumbs up
Miller Company's most recent income statement follows: Sales (19,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses Net income Total $722,000 437,000 285,000 50,000 $235,000 Per Unit $ 38 23 $ 15 Consider each of the following cases independently. Required: 1. Prepare a new income statement if the sales volume increases by 10%, and the selling price decreases by $2.00. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 2. Prepare a new income statement if the selling price decreases by $25 per unit, and the sales volume increases by 10%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 3. Prepare a new income statement if the selling price increases by $2.5 per unit, fixed expenses increase by $10,000 and the sales volume decreases by 5%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 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 10%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Sales Per UnitStep by Step Solution
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