Question: 18 Exercise 5-13 Using a Contribution Format Income Statement (LO5-1, LO5-4) 0.36 points Miller Company's most recent contribution format income statement is shown below: eBook




18 Exercise 5-13 Using a Contribution Format Income Statement (LO5-1, LO5-4) 0.36 points Miller Company's most recent contribution format income statement is shown below: eBook Sales (38,000 units) Variable expenses Total Per Unit $304,000 $8.00 190,000 5.00 References $3.00 Contribution margin Fixed expenses 114,000 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.) 18 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.) 0.36 points 1. The number of units sold increases by 15%. eBook References Miller Company Contribution Income Statement Total Per Unit 0 $ 0.00 $ 0 18 0.36 points 2. The selling price decreases by $1.40 per unit, and the number of units sold increases by 21% eBook References Miller Company Contribution Income Statement tal Per Unit 0 $ 0.00 $ 0 18 3. The selling price increases by $1.40 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 6%. 0.36 points Miller Company Contribution Income Statement Total eBook Per Unit References 0 $ 0.00 $ 0 18 4. The selling price increases by 20%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 7%. 0.36 points Miller Company eBook Contribution Income Statement References Total Per Unit 0.00 0
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