Need some help with this please :) Miller Company\'s most recent contribution fo

Question

Need some help with this please :)

Miller Company's most recent contribution format income statement is shown below: Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently) (Round per unit values to 2 decimal places and the rest to the nearest dollar amount. Input all amounts as positive values. Omit the "$" sign in your response): The number of units sold increases by 13%. The selling price decreases by $0.40 per unit, and the number The selling price increases by S0.70 per unit, fixed expenses increase by $6,000. and the number of units sold decreases by 8%. The selling price increases by 10%. Variable expenses increase units sold decreases by 13%.

Explanation / Answer

1) The number of unit sold increases by 13% Total per unit Sales (46330 unit) $ 277,980.00 $       6.00 Variable Expenses $ 185,320.00 $       4.00 Contribution Margin $    92,660.00 $       2.00 Fixed Expenses $    43,000.00 Net Operating income $    49,660.00 2) The selling price decreases by $0.40 and the number of unit sold increases by 22% Total per unit Sales (50020 Units) $ 280,112.00 $       5.60 Variable Expenses $ 200,080.00 $       4.00 Contribution Margin $    80,032.00 $       1.60 Fixed Expenses $    43,000.00 Net Operating income $    37,032.00 3) The selling price increases by $0.70, fixed expenses increases by $6000 and the number of unit sold decreases by 8% Total per unit Sales (37720 Units) $ 252,724.00 $       6.70 Variable Expenses $ 150,880.00 $       4.00 Contribution Margin $ 101,844.00 $       2.70 Fixed Expenses $    49,000.00 Net Operating income $    52,844.00 4) The selling price increases by 10%, variable expenses increases by 30% and the number of unit sold decreases by 13% Total per unit Sales (35670 Units) $ 235,422.00 $       6.60 Variable Expenses $ 185,484.00 $       5.20 Contribution Margin $    49,938.00 $       1.40 Fixed Expenses $    43,000.00 Net Operating income $      6,938.00

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