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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 Total Per Unit $ 380,000

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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 Total Per Unit $ 380,000 $ 10.00 266,000 Contribution margin Fixed expenses Net operating income Required: 114,000 7.00 $ 3.00 41,000 $ 73,000 (Consider each case independently): 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 $1.10 per unit and the number of units sold increases by 25%? 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 5% ? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 8%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income

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