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see attached Q7 Miller Company's contribution format income statement for the most recent month is shown below: Total Per Unit Sales (38,338 units) 1. 188,833
see attached Q7
Miller Company's contribution format income statement for the most recent month is shown below: Total Per Unit Sales (38,338 units) 1. 188,833 $ 6.38 Variable expenses 98,333 3.8-8 Contribution margin 98,833 $ 3-99 Fixed expenses 42,333 Net operating income $ 48,333 Required: [Consider each case independently}: 1- What is the revised net operating income if unit sales increase by 18%? 2. What is the revised net operating income ifthe selling price decreases by $1.30 per unit and the number of units sold increases by 25%? 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 8%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by '10 cents per unit, and the number of units sold decreases by 8%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating incomeStep by Step Solution
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