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Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $ 10.00 7.00 $ 3.00 Sales (34,000 units) Variable
Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $ 10.00 7.00 $ 3.00 Sales (34,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 340,000 238,000 102,000 41,000 $ 61,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 14%? 2. What is the revised net operating income if the selling price decreases by $1.10 per unit and the number of units sold increases by 18%? 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $6,000, 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 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 7%?
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