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Make a new contribution format income statement

    Assignment Instructions

    Assignment ID: FG132607729

    Miller Company’s most recent contribution format income statement is shown below:
                                                             Total Per               Unit
    Sales (20,000 units) …           $300,000                  $15.00
    Variable expenses …                $180,000                    $9.00
    Contribution margin …                $120,000                 $6.00
    Fixed expenses …                      $70,000
    Net operating income …              $50,000
    Required:
    Question 1: Prepare a new contribution format income statement under each of the following conditions (consider each case independently):
    1. The number of units sold increases by 15%.
    2. The selling price decreases by $1.50 per unit, and the number of units sold increases by 25%.
    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%.
    4. The selling price increases by 12%, variable expenses increase by 60 cents per unit, and the number of units sold decreases by 10%.

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