Miller Companys most recent income statement follows: Total...

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Accounting

Miller Companys most recent income statement follows:

Total Per Unit
Sales (20,000 units) $ 440,000 $ 22
Less: Variable expenses 160,000 8
Contribution margin 280,000 $ 14
Less: Fixed expenses 67,000
Net income $ 213,000

Consider each of the following cases independently.

Required:

1. Prepare a new income statement if the sales volume increases by 10%, and the selling price decreases by $4.00. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.)

2. Prepare a new income statement if the selling price decreases by $3.0 per unit, and the sales volume increases by 20%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.)

3. Prepare a new income statement if the selling price increases by $2.0 per unit, fixed expenses increase by $8,000 and the sales volume decreases by 5%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.)

4. Prepare a new income statement if the selling price increases by 5%, variable expenses increase by $0.10 per unit and the sales volume decreases by 30%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.)

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