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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