Miller Company's contribution format income statement for the most recent month is shown below. Sales (43,000...
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Miller Company's contribution format income statement for the most recent month is shown below. Sales (43,000 units) Variable expenses Total $ 301,000 172,000 Contribution margin 129,000 Fixed expenses 46,000 Net operating income $ 83,000 Required: Per Unit $ 7.00 4.00 $ 3.00 (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 15%? 2. What is the revised net operating income if the selling price decreases by $1.20 per unit and the number of units sold increases by 21%? 3. What is the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 6% ? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 40 cents per unit, and the number of units sold decreases by 12% ? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income Miller Company's contribution format income statement for the most recent month is shown below. Sales (43,000 units) Variable expenses Total $ 301,000 172,000 Contribution margin 129,000 Fixed expenses 46,000 Net operating income $ 83,000 Required: Per Unit $ 7.00 4.00 $ 3.00 (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 15%? 2. What is the revised net operating income if the selling price decreases by $1.20 per unit and the number of units sold increases by 21%? 3. What is the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 6% ? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 40 cents per unit, and the number of units sold decreases by 12% ? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income
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