1. The number of units sold increases by 17%. 2. The selling price decreases by...
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Accounting
1. The number of units sold increases by 17%.
2. The selling price decreases by $1.30 per unit, and the number of units sold increases by 23%.
3. The selling price increases by $1.30 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 7%.
4. The selling price increases by 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 11%.
Miller Company's most recent contribution format income statement is shown below: Sales (30,000 units) Variable expenses Contribution margin Total $150,000 60,000 Per Unit $5.00 2.00 $3.00 Fixed expenses Net operating income 90,000 42,000 $ 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.)
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