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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 [LO1- CC1,3,4]
Miller Company's most recent income statement follows:
Sales (15,000 unt Less: Variable Contribution ma Less: Fixed exp Net income Required:
Total
Per Unit
Sales (15,000 units)
$300,000
180,000
120,000
$20
-12
$8
Prepare a new income statement under each of the following conditions (consider each case independently):
The sales volume increases by 15%, and the selling price decreases by $1.00.
The selling price decreases by $4 per unit, and the sales volune increases by 25%.
The selling price increases by $1 per unit, fixed expenses increase by $20,000, and the sales volume decreases by 5%.
The selling price increases by 5%, variable expenses increase by $1 per unit, and the sales volume decreases by 10%.
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