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Miller Company's contribution format income statement for the most recent month is shown below: Total $ 304,000 Per Unit $ 8.00 5.00 190,000 114,000 44,000
Miller Company's contribution format income statement for the most recent month is shown below: Total $ 304,000 Per Unit $ 8.00 5.00 190,000 114,000 44,000 $ 3.00 $ 70,000 Sales (38,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (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 $1.10 per unit and the number of units sold increases by 17%? 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 8%? 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 8%?
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