Exercise 6-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed...

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Exercise 6-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO6-1, LO6-4] Miller Company's contribution format income statement for the most recent month is shown below. Sales (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): Total $370,000 259,000 Per Unit $ 10.00 111,000 7.00 $ 3.00 48,000 $ 63,000 1. What is the revised net operating income if unit sales increase by 17% ? 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 23%? 3. What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 6%? 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 9% ? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income Exercise 6-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO6-1, LO6-4] Miller Company's contribution format income statement for the most recent month is shown below. Sales (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): Total $370,000 259,000 Per Unit $ 10.00 111,000 7.00 $ 3.00 48,000 $ 63,000 1. What is the revised net operating income if unit sales increase by 17% ? 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 23%? 3. What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 6%? 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 9% ? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income