Miller Company\'s moet recent contribution formet income statement is shown belo

Question

Miller Company's moet recent contribution formet income statement is shown below Seles (38,000 unita) $304,000 $8.00 Varlable expenses 190,000 500 Contribution margin 114,000 $3.00 Fixed expenses 42,000 Net operating income 72,000 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.) l. The number of urits sold increases by 18%. Contribution Income S Per Unit expenses xed e income S (42,000 2. The selling price decreases by $1.20 per unit, and the number of units sold increases by 16% Per Unit xed expenses

Explanation / Answer

1.

Miller Company

Contribution Income Statement

2.

Miller Company

Contribution Income Statement

3.

Miller Company

Contribution Income Statement

4.

Miller Company

Contribution Income Statement

Total Per unit Sales [38,000+(38,000*18%) = 44,840 units] 358,720 8 Variable expenses 224,200 5 Contribution margin 134,520 3 Fixed expenses 42,000 Net operating income 92,520

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