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4 Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4] 40 points Miller Company's contribution format
4 Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4] 40 points Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $6.00 Total 222,000 111,000 Sales (37,000 units) Variable expenses Contribution margin 3.00 eBook 3.00 111,000 Fixed expenses 49,000 $62,000 Net operating income Hint Required: (Consider each case independently): Print 1. What is the revised net operating income if unit sales increase by 16 %? 2. What is the revised net operating income the selling price decreases by $1.10 per unit and the number of units sold increases by . References 19%? 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 2%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 11%? 1. Net operating income 2. Net operating income 42,920 3. Net operating income 4. Net operating income
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