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Exercise 5-13 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
Exercise 5-13 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 20 points Total Per Unit Sales (41,000 units) $205,000 $5.00 2.00 023425 Variable expenses 82,000 123,000 $%3.00 Contribution margin Fixed expenses Net operating income 40,000 83,000 Required Consider each case independently) 1. what is the revised net operating income if unit sales increase by 16%? 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 22%? 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 3%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 13%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income
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