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Miller Company's contribution format income statement for the most recent month is shown below: Total Per Unit $ Sales (37,000 units) Variable expenses $
Miller Company's contribution format income statement for the most recent month is shown below: Total Per Unit $ Sales (37,000 units) Variable expenses $ 370,000 259,000 Contribution margin 111,000 Fixed expenses 47,000 Net operating income $ 64,000 Required: 10.00 7.00 $ 3.00 (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 12%? 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 23%? 3. What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 3%? 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 10%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income
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