2. The selling price decreases by $1.50 per unit, and the number of units sold i

Question

2. The selling price decreases by $1.50 per unit, and the number of units sold increases by 24%

3. The selling price increases by $1.50 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 8%.

3. The selling price increases by $1.50 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 8%.

4. The selling price increases by 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 7%. value 2.85 points Miller Company's most recent contribution format income statement is shown below: TotalPer Unit 185,000 111,000 $3.00 Sales (37,000 units) Variable expenses $296,000 $8.00 5.00 Contribution margin Fixed expenses 42.000 Net operating income S 69,000 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 18% Miller Company Contribution Income Statement Total Per Unit Sales $349,280$ 8.00 5.00 3.00 ariable expenses 218,300 Contribution margin 130,980 $ xed expenses 42,000 et operating income 88,980

Explanation / Answer

1) Contribution margin income statement :

2) Contribution margin income statement :

3) Contribution margin income statement :

4) Contribution margin income statement :

Total Per unit Sales (43660 units) 349280 8 Variable expenses 218300 5 Contribution margin 130980 3 Fixed expenses 42000 Net operating income 88980

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.