Question: Exercise 5-13 Using a Contribution Format Income Statement [LO5-1, LO5-4) Miller Company's most recent contribution format income statement is shown below: Per Unit $300,000 $15.00
Exercise 5-13 Using a Contribution Format Income Statement [LO5-1, LO5-4) Miller Company's most recent contribution format income statement is shown below: Per Unit $300,000 $15.00 180,000 9.00 Total Sales (20,000 units) Variable expenses 120,000 $6.00 Contribution margin Fixed expenses 70,000 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 15%. Miller Company Contribution Income Statement Total Per Unit 2-The selling price decreases by $1.50 per unit, and the number of units sold increases by 25%. Miller Company Contribution Income Statement Total Per Unit 3. The selling price increases by $1.50 per unit, fixed expenses increase by $20,000, and the number of units sold decreases by 5%. Miller Company Contribution Income Statement Total Per Unit 4. The selling price increases by 12%, variable expenses increase by 60 cents per unit, and the number of units sold decreases by 10%. Miller Company Contribution Income Statement Total Per Unit
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