Miller Company's most recent Income statement follows: Total Per Unit Sales (10,800 units) Less: Variable expenses...

Transcribed Image Text:

Miller Company's most recent Income statement follows: Total Per Unit Sales (10,800 units) Less: Variable expenses $280, 008 $ 28 170,e00 17 Contribution margin 110, e00 $ 11 Less: Fixed expenses 23,000 Net income $ 87,008 Consider each of the following cases Independently. Required: 1. Prepare a new Income statement if the sales volume Increases by 15%, and the selling price decreases by $2.00. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 2 Prepare a new Income statement If the selling price decreases by $3.0 per unit, and the sales volume Increases by 30%. (Do not round Intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 3. Prepare a new Income statement if the selling price Increases by $3.0 per unit, fixed expenses Increase by $7,000 and the sales volume decreases by 5%. (Do not round Intermedlate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 4. Prepare a new Income statement If the selling price Increases by 5%, varlable expenses Increase by $0.20 per unit and the sales volume decreases by 20%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales Miller Company's most recent Income statement follows: Total Per Unit Sales (10,800 units) Less: Variable expenses $280, 008 $ 28 170,e00 17 Contribution margin 110, e00 $ 11 Less: Fixed expenses 23,000 Net income $ 87,008 Consider each of the following cases Independently. Required: 1. Prepare a new Income statement if the sales volume Increases by 15%, and the selling price decreases by $2.00. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 2 Prepare a new Income statement If the selling price decreases by $3.0 per unit, and the sales volume Increases by 30%. (Do not round Intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 3. Prepare a new Income statement if the selling price Increases by $3.0 per unit, fixed expenses Increase by $7,000 and the sales volume decreases by 5%. (Do not round Intermedlate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales 4. Prepare a new Income statement If the selling price Increases by 5%, varlable expenses Increase by $0.20 per unit and the sales volume decreases by 20%. (Do not round intermediate calculations. Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales

Answer rating: 100% (QA)

a New sales 10000110 11500 New selling price 28 2 26 Total Per unit Sales 1150026 299000 26 ... View the full answer