EXERCISE 5-13Using a Contribution Format Income Statement [Q LO5-1, Q LO5-4] Miller Company's most recent contribution format income statement is shown below: Total Per Unit Sales (20,000 units)...

Extracted text: EXERCISE 5-13Using a Contribution Format Income Statement [Q LO5-1, Q LO5-4] Miller Company's most recent contribution format income statement is shown below: Total Per Unit Sales (20,000 units) Variable expenses $300,000 180,000 $15.00 9.00 Contribution margin Fixed expenses $ 6.00 120,000 70,000 $ 50,000 Net operating Income.. Required: 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%. 41°F Mo