Exercise 5-13 Using a Contribution Format Income Statement [LO5-1, LO5-4]

2. The selling price decreases by $1.30 per unit, and the number of units sold increases by 24%. 3. The selling price increases by $1.30 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 7%. 4.The selling price increases by 20%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 9%. (Each need to be placed in Contribution format income statement)

Miller Company's most recent contribution format income statement is shown below: Total Per Unit 264,0006.00 132,000 $3.00 Sales (44,000 units) Variable expenses $396,000 $9.00 Contribution margin Fixed expenses 43,000 Net operating income $ 89,000 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 to2 decimal places.) I. The number of units sold increases by 17%. Miller Company Contribution Income Statement Total Per Unit O S 0.00 0