Miller Company's most recent income statement follows: Sales (18,000 units) Less: Variable expenses Contribution margin...
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Miller Company's most recent income statement follows: Sales (18,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses Net income Total $576,000 342,000 234,000 43,000 $191,000 Per Unit $ 32 19 $ 13 :30 Consider each of the following cases independently Required: 1. Prepare a new income statement if the sales volume increases by 15%, and the selling price decreases by $4.00. (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 $1.5 per unit, and the sales volume increases by 15% (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 61 3. Prepare a new income statement if the selling price increases by $2.0 per unit, fixed expenses increase by $6,000 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 $0.10 per unit and the sales volume decreases by 30% (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales
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