Miller Company's contribution format income statement for the most recent month is shown below: Sales (39,000 units) Variable expenses Contribution margin Fixed expenses Total $ 312,000 195,000 Per Unit $ 8.00 117,000 5.00 $ 3.00 44,000 ces Net operating income Required: (Consider each case independently): $ 73,000 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 $1.40 per unit and the number of units sold increases by 17%7 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 4% ? 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 11%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income Check my work The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Electrical Costs Month January Occupancy Days 3,400 $ 10,234 February 3,280 $ 10,052 March 4,370 $ 11,605 April 1,950 May June 600 1,968 $6,825 52,380 $ 6,860 July 4,040 $11,060 August 4,000 $ 11,100 ances September 2,240 $ 7,602 October 1,030 November 1,400 December 2,700 $ 3,605 54,634 $8,974 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) Variable cost of electricity Fixed cost of electricity S 2.50 per occupancy-day S 680 per month 2. What other factors in addition to occupancy-days are likely to affect the variation in electrical costs from month to month? (You may < Prev Next Check my work