Miller Company's contribution format income statement for the most recent month is shown below: Required: (Consider each of the four requirements independently): 1. Assume the sales volume increases by 4,794 units: a. What is the revised net operating income? b. What is the percent increase in unit sales? c. Using the most recent month's degree of operating leverage, what is the percent increase in net operating income? 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 17% ? 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 2% ? 4. What is the revised net operating income if the selling price per unit increases by 20%, varlable expenses increase by 40 cents per unit, and the number of units sold decreases by 8% ? Required: 1. What is the company's margin of safety? Note: Do not round Intermediate calculations. 2. What is the company's margin of safety as a percentage of its sales? Note: Round your percentage answer to 2 decimal places (i.e. .1234 should be entered as 12.34 ). Whirly Corporation's contribution format income statement for the most recent month is shown below: Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 60 units? 2. What would be the revised net operating income per month if the sales volume decreases by 60 units? 3. What would be the revised net operating income per month if the sales volume is 6,300 units? Miller Company's contribution format income statement for the most recent month is shown below: Required: (Consider each of the four requirements independently): 1. Assume the sales volume increases by 4,794 units: a. What is the revised net operating income? b. What is the percent increase in unit sales? c. Using the most recent month's degree of operating leverage, what is the percent increase in net operating income? 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 17% ? 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 2% ? 4. What is the revised net operating income if the selling price per unit increases by 20%, varlable expenses increase by 40 cents per unit, and the number of units sold decreases by 8% ? Required: 1. What is the company's margin of safety? Note: Do not round Intermediate calculations. 2. What is the company's margin of safety as a percentage of its sales? Note: Round your percentage answer to 2 decimal places (i.e. .1234 should be entered as 12.34 ). Whirly Corporation's contribution format income statement for the most recent month is shown below: Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 60 units? 2. What would be the revised net operating income per month if the sales volume decreases by 60 units? 3. What would be the revised net operating income per month if the sales volume is 6,300 units
