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The management of Miller Company reported the following contribution format income statement for last month: Total Per Unit Sales (43,000 units) $ 430,000 $ 10.00
The management of Miller Company reported the following contribution format income statement for last month: Total Per Unit Sales (43,000 units) $ 430,000 $ 10.00 Variable expenses 301,000 7.00 Contribution margin 129,000 $ 3.00 Fixed expenses 47,000 Net operating income $ 82,000 How much net operating income does Miller Company expect to earn if the selling price per unit increases by 10%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 5%?
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