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Miller Company's contribution format income statement for the most recent month is shown below: Sales (36,000 units) Variable expenses Contribution margin Fixed expenses Net operating
Miller Company's contribution format income statement for the most recent month is shown below: Sales (36,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 288,000 180,000 108,000 46,000 $ 62,000 Per Unit $ 8.00 5.00 $ 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 $1.20 per unit and the number of units sold increases by 23%? 3. What is the revised net operating income if the selling price increases by $1.20 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%? X Answer is complete but not entirely correct. 1. $ 80,360 2. $ 44,504 X Net operating income Net operating income Net operating income Net operating income 3. $ 94,616 X 4. $ 69,344 X
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