Prepare a new contribution format income statement under

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Reference no: EM13974242

Miller Company's most recent contribution format income statement is shown below:

 

Total

Per Unit

 
 

Sales (31,000 units)

$186,000

$6.00

 
 
 

Variable expenses

93,000

3

 
 
 
 

Contribution margin

93,000

$3.00

 
 
 

Fixed expenses

43,000

   
 
 

Net operating income

$50,000

   
 
       
       

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 11%.

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 $5,000, and the number of units sold decreases by 6%. 

4. The selling price increases by 20%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 15%. 

Reference no: EM13974242

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