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Miller Company's contribution format Income statement for the most recent month is shown below: Sales (41,000 units) Variable expenses Contribution margin Total Per Unit
Miller Company's contribution format Income statement for the most recent month is shown below: Sales (41,000 units) Variable expenses Contribution margin Total Per Unit $ 10.00 7.00 $ 410,000 287,000 123,000 $ 3.00 Fixed expenses 46,000 Net operating income $ 77,000 Required: (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 $1.20 per unit and the number of units sold Increases by 20%? 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 5%? 4. What is the revised net operating Income if the selling price per unit increases by 20%, variable expenses Increase by 30 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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