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Miller Company's contribution format income statement for the most recent month is shown below: Sales (34,000 units) Variable expenses Contribution margin Fixed expenses Net
Miller Company's contribution format income statement for the most recent month is shown below: Sales (34,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: Total $ 204,000 Per Unit 102.000 102,000 $ 6.00 3.00 $ 3.00 45.000 $ 57,000 (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 21%? 3. What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $10,000, and the number of units sold decreases by 2%? 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 9%? Answer is complete but not entirely correct. 1. Net operating income $ 73.320 2. Net operating income $ 24,938 3. Net operating income $ 88,276 4. Net operating income $ 47,820 x
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