Reference no: EM131135567

Miller Company's most recent contribution format income statement is shown below: Total Per Unit Sales (32,000 units) $224,000 $7.00 Variable expenses 128,000 4.00 Contribution margin 96,000 $3.00 Fixed expenses 48,000 Net operating income $ 48,000 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.) 1. The number of units sold increases by 13%. 2. The selling price decreases by $1.40 per unit, and the number of units sold increases by 19%. 3. The selling price increases by $1.40 per unit, fixed expenses increase by $10,000, and the number of units sold decreases by 7%. 4. The selling price increases by 10%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 5%.