Question: Please help me solve this problem. Miller Company's most recent contribution format income statement is shown below: Sales (33,000 units) Variable expenses Contribution margin Fixed


Miller Company's most recent contribution format income statement is shown below: Sales (33,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $330,000 231,000 99,000 45,000 $ 54,000 Per Unit $10.00 7.00 $3.00 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (D decimal places.) 1. The number of units sold increases by 13%. Per Unit $ Miller Company Contribution Income Statement Total Sales $ 372,900 Variable expenses 261,030 Contribution margin 111,870 Fixed expenses Net operating income $ 66,870 7 10.00 .00 3.00 $ 45,000 2. The selling price decreases by $1.30 per unit, and the number of units sold increases by 17%. Per Unit $ 8.70 Miller Company Contribution Income Statement Total Sales Variable expenses Contribution margin Fixed expenses ... Net operating income ol$ 3. The selling price increases by $1.30 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 8%. Miller Company Contribution Income Statement Total Per Unit Sales Variable expenses Contribution margin Fixed expenses Net operating income TINELUPO Dul 4. The selling price increases by 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 7%. Per Unit Miller Company Contribution Income Statement Total Sales Variable expenses Contribution margin Fixed expenses Net operating income 0.00
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