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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

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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 Contribution margin Fixed expenses Net operating income Total $ 272,000 170,000 102,000 47.000 $ 55,000 Per Unit $8.00 5.00 $3.00 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increast by 16%? 2. What is the revised net operating income if the selling price decreases by $1.40 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 $1.40 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%, valable expenses increase by 30 cents per unit, and the number of units sold decreases by 11%? 1. Net operating income 2. Net operating incomo 3. Not operating income 4 Net operating income

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