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Miller Company's contribution format income statement for the most recent month is shown below: Sales (35,000 units) Variable expenses Total $ 280,000 Per Unit
Miller Company's contribution format income statement for the most recent month is shown below: Sales (35,000 units) Variable expenses Total $ 280,000 Per Unit $8.00 Fixed expenses 175,000 105,000 41,000 5.00 $3.00 Net operating income $ 64,000 Contribution margini Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 14% ? 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 19%? 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 7%? 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 $ 78,700 2. Net operating income 3. Net operating income $ 38,135 4. Net operating income
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