Question: Can someone please help me with part 2, because it says its incomplete and I cant see what Im missing... Miller Company'e most recent contribution
Miller Company'e most recent contribution format Income slaliement is shown below Total Unit Sales (38,000 units) $304,000 $8.00 Variable expenses 190,000 5.00 Contribution margin 114,000 $3.00 Flxed 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 placos.) 1.The number of units sold increases by 18%. Answer is complete and correct. Contribution Income Statement Total Per Unit 8.0 Sales Variable expenses Contibution margin134,520 Fixed expenses Net operating income 92,520 5 2. The solling price decreases by $1.20 per unit, and the number of units sold increases by 16%. 8 Answer is not complete. Contribution Income Statement Total Per Unit Sales 6.800 299,74 Variable expenses2204 Contribution margin Fixed expenses 005.00 1.8 79,3445 37,344
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
