Reference no: EM131223145
Miller Company’s most recent contribution format income statement is shown below:
Total Per Unit
Sales (41,000 units) $369,000 $9.00
Variable expenses 246,000 6.00
Contribution margin 123,000 $3.00
Fixed expenses 50,000
Net operating income $ 73,000
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 18%.
2. The selling price decreases by $1.40 per unit, and the number of units sold increases by 23%.
3. The selling price increases by $1.40 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 3%.
4. The selling price increases by 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 12%.
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