Miller Company's most recent income statement follows: Sales (22,000 units) Less: Variable expenses Contribution margin...
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Miller Company's most recent income statement follows: Sales (22,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses Net income Total $616,000 374,000 242,000 56,000 $186,000 Per Unit $ 28 17 $ 11 Consider each of the following cases independently. Required: 1. Prepare a new income statement if the sales volume increases by 30%, and the selling price decreases by $1.00. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 2. Prepare a new income statement if the selling price decreases by $2.5 per unit, and the sales volume increases by 25%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 3. Prepare a new income statement if the selling price increases by $1.5 per unit, fixed expenses increase by $5,000 and the sales volume decreases by 5%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 4. Prepare a new income statement if the selling price increases by 5%, variable expenses increase by $0.15 per unit and the sales volume decreases by 10%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales
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