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Miller Companys contribution format income statement for the most recent month is shown below: Total Per Unit Sales (38,000 units) $ 228,000 $ 6.00 Variable
Miller Companys contribution format income statement for the most recent month is shown below: Total Per Unit Sales (38,000 units) $ 228,000 $ 6.00 Variable expenses 114,000 3.00 Contribution margin 114,000 $ 3.00 Fixed expenses 50,000 Net operating income $ 64,000 Required: (Consider each case independently):
Miller Company's contribution format income statement for the most recent month is shown below: Sales (38,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 220,000 114,000 114,000 50,000 s 64,000 Per Unit $ 6.00 3.00 $ 3.00 Required: (Consider each case Independently): 1. What is the revised net operating Income If unit sales Increase by 16%? 2 What is the revised net operating income if the selling price decreases by $1.20 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 $1.20 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 8%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating incomeStep by Step Solution
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