Miller Company's most recent contribution format income statement is shown below: Sales (43,000 units) Variable...
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Miller Company's most recent contribution format income statement is shown below: Sales (43,000 units) Variable expenses Total $387,000 258,000 Per Unit $9.00 6.00 Contribution margin Fixed expenses $3.00 129,000 48,000 Net operating income $ 81,000 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 12%. Miller Company Contribution Income Statement Total Per Unit 0.00 0 2. The selling price decreases by $1.20 per unit, and the number of units sold increases by 20%. Miller Company Contribution Income Statement Total Per Unit 0 $ 0.00 $ 0 3. The selling price increases by $1.20 per unit, fixed expenses increase by $10,000, and the number of units sold decreases by 6%. Miller Company Contribution Income Statement Total Per Unit 0 $ 0.00 0 4. The selling price increases by 20%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 11%. Miller Company Contribution Income Statement Total Per Unit 0.00
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