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Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $ 5.00 2.00 $ 3.00 Sales (35,000 units) Variable
Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $ 5.00 2.00 $ 3.00 Sales (35,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): Total $ 175,000 70,000 105,000 44,000 $ 61,000 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 $1.20 per unit and the number of units sold increases by 20%? 3. What is the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $10,000, 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 10%, 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 $ $ $ 78,850 31,600 87,120
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