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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. Fixed expenses Net
Miller Company's contribution format income statement for the most recent month is shown below: Sales (41,000 units) Variable expenses Contribution margin. Fixed expenses Net operating income. Required: Total $ 369,000 246,000 Per Unit $ 9.00 6.00 $ 3.00 123,000 44,000 $ 79,000 (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 15% ? 2. What is the revised net operating income if the selling price decreases by $1.40 per unit and the number of units sold increases by 22%? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $6,000, 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 20 cents per unit, and the number of units sold decreases by 11% ? 1. Net operating income $ 94,990 2. Net operating income $ 34,894 3. Net operating income $ 108,146 4. Net operating income $ 61,780
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