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Preparing a Contribution Margin Format Income Statement [ LO 1 - CC 1 , 3 , 4 ] Miller Company's most recent income statement follows:
Preparing a Contribution Margin Format Income Statement LO CC
Miller Company's most recent income statement follows:
Sales unt Less: Variable Contribution ma Less: Fixed exp Net income Required:
Total
Per Unit
Sales units
$
$
$
Prepare a new income statement under each of the following conditions consider each case independently:
The sales volume increases by and the selling price decreases by $
The selling price decreases by $ per unit, and the sales volune increases by
The selling price increases by $ per unit, fixed expenses increase by $ and the sales volume decreases by
The selling price increases by variable expenses increase by $ per unit, and the sales volume decreases by
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