Question
Miller Companys contribution format income statement for the most recent month is shown below: Total Per Unit Sales (38,000 units) $ 342,000 $ 9.00 Variable
Miller Companys contribution format income statement for the most recent month is shown below:
| Total | Per Unit | |||||
| Sales (38,000 units) | $ | 342,000 | $ | 9.00 | ||
| Variable expenses | 228,000 | 6.00 | ||||
| Contribution margin | 114,000 | $ | 3.00 | |||
| Fixed expenses | 43,000 | |||||
| Net operating income | $ | 71,000 | ||||
|
| ||||||
-What is the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $10,000, and the number of units sold decreases by 7%?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
