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Miller Company's contribution format income statement for the most recent month is shown below: Total $ 320,000 224,000 96,000 48,000 $ 48,000 Per Unit $10.00

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Miller Company's contribution format income statement for the most recent month is shown below: Total $ 320,000 224,000 96,000 48,000 $ 48,000 Per Unit $10.00 7.00 $ 3.00 Sales (32,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 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 $180 per unit and the number of units sold increases by 24%? 3. What is the revised net operating income if the selling price increases by $1,50 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 30 cents per unit, and the number of units sold decreases by 14%? 1. Net operating Income 2. Net operating income 3. Net operating income 4. Net operating income

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