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Exercise 5-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, L05-4] Miller Company's contribution format income statement
Exercise 5-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, L05-4] Miller Company's contribution format income statement for the most recent month is shown below: Sales (39,800 units) variable expenses Contribution margin Fixed expenses Net operating income Total $ 234, eee 117, eee 117, eee 42, eee $ 75, eee Per Unit $ 6.00 3.00 $ 3.00 Required: (Consider each case Independently) 1. What is the revised net operating Income if unit sales Increase by 10%? 2. What is the revised net operating income if the selling price decreases by $1.30 per unit and the number of units sold increases by 18%? 3. What is the revised net operating Income if the selling price increases by $1.30 per unit, fixed expenses increase by $9,000, and the number of units sold decreases by 4%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 6%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income
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