Miller Company's contribution format income statement for the most recent month is shown below. Sales (39,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 351,000 234,000 117,000 48,000 $ 69,000 Per Unit $ 9.00 6.00 $ 3.00 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 17%? 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 20%? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $9,000, and the number of units sold decreases by 6%? 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 6%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income ! Required information Exercise 6-16 (Algo) Break-Even Analysis and CVP Graphing (LO6-2, LO6-4, LO6-5) [The following information applies to the questions displayed below.) The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: Dinner (per person) Favors and program (per person) Band Rental of ballroom Professional entertainment during intermission Tickets and advertising $ 11 $ 2 $ 1,980 $ 990 $ 990 $ 2,640 The committee members would like to charge $24 per person for the evening's activities. Exercise 6-16 (Algo) Part 1 Required: 1. What is the break-even point for the dinner-dance in terms of the number of persons who must attend)? 2. Assume that last year only 500 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? (Round your answer to the nearest whole dollar amount.) persons 1. Break-even point 2. Ticket price per person to break even