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Please help me solve #4. I've tried it three times and still get the same answer. Highly appreciate if you explain the steps also. Thank
Please help me solve #4. I've tried it three times and still get the same answer. Highly appreciate if you explain the steps also. Thank you
Miller Company's contribution format income statement for the most recent month is shown below: Sales (43,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 344,000 215,000 129,000 42,000 $ 87,000 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 15%? 2. What is the revised net operating income if the selling price decreases by $1.30 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 $1.30 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 4%? 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 10%? Answer is complete but not entirely correct. $ $ 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income 106,350 43,527 128,504 47,010 X $ $Step by Step Solution
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