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Miller Companys contribution format income statement for the most recent month is shown below: Miller Company's contribution format income statement for the most recent month
Miller Companys contribution format income statement for the most recent month is shown below:
Miller Company's contribution format income statement for the most recent month is shown below: Sales (40,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 200,000 80,000 120,000 47,000 $ 73,000 Per Unit $ 5.00 2.00 $ 3.00 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 10%? 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 18%? 3. What is the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $9,000, 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 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 14%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating incomeStep by Step Solution
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