Milet Company's contribution format income statement for the most recent month is shown below. Required: (Consider each case independently): 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 $1.40 per unit and the number of units sold increases by 24% ? 2496 ? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 7% ? 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 12% ? Exercise 5-4 (Algo) Computing and Using the CM Ratio [LO5-3] Last month when Holiday Creations, Incorporated, sold 38,000 units, total sales were $152,000, total variable expenses were $117,040. and fixed expenses were $37,300. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 550 units and total sales by $2.200 ? (Do not round intermediate calculations.) Exercise 5-6 (Algo) Break-Even Analysis [LO5-5] Mauro Products distributes a single product a woven basket whose selling price is $23 per unit and whose variable expense is $19 per unit. The company's monthly fixed expense is $5,600, Required: 1. Caiculate the company's breakreven point in unit sales. 2. Calculate the company's break-even point in dollar sales. (Do not round intermediate caiculations.) 3. If the company's fixed expenses increase by $600, what would become the new break-even point in unit sales? In dollar sales? (Do not round intermediate calculations.)