Exercise 5-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs (LO5-1, LO5-4] Miller Company's contribution format income statement for the most recent month is shown below: Sales (34,000 units) Variable expenses Total $306,000 Per Unit 204,000 Contribution margin 102,000 $ 9.00 6.00 $3.00 Fixed expenses 45,000 Net operating income $ 57,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 20% ? 2. What is the revised net operating income if the selling price decreases by $1.20 per unit and the number of units sold increases by 24%? 3. What is the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 5% ? 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 7%? 1. Net operating income 2. Net operating income 3. Net operating income. 4. Net operating income