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Miller Company's contribution format income statement for the most recent month is shown below: Sales (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating

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Miller Company's contribution format income statement for the most recent month is shown below: Sales (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 296,000 185,000 111,000 50,000 $ 61,000 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 11%? 2. What is the revised net operating income if the selling price decreases by $1.40 per unit and the number of units sold increases by 22%? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $9,000, 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 20 cents per unit, and the number of units sold decreases by 12%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income

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