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Miller Company's contribution format income statement for the most recent month is shown below: Sales (38,000 units) Variable expenses Contribution margin Fixed expenses Net operating
Miller Company's contribution format income statement for the most recent month is shown below: Sales (38,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: $ 304,000 Total 190,000 114,000 Per Unit $ 8.00 5.00 $ 3.00 45,000 $ 69,000 (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 16% ? 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 24%? 3. What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 7%? 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 40 cents per unit, and the number of units sold decreases by 8% ? 1. Net operating income $ 87,240 2. Net operating income $ 95,600 3. Net operating income $ 151,000 4. Net operating income $ 63,376
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