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Miller Company's contribution format income statement for the most recent month is shown below: Total Per Unit $8.00 5.00 Sales (38,000 units) Variable expenses Contribution
Miller Company's contribution format income statement for the most recent month is shown below: Total Per Unit $8.00 5.00 Sales (38,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $304,000 190,000 114,000 41,000 $ 73,000 $3.00 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 19%? 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 22%? 3. What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $9,000, and the number of units sold decreases by 8%? 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 7%? Net operating 1. income Net operating 2. income Net operating 3 income Net operating 4. income
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