Miller Company's contribution format income statement for the most recent month is shown below: Total $...
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Miller Company's contribution format income statement for the most recent month is shown below: Total $ 264,000 132,000 Per Unit $ 6.00 3.00 $ 3.00 Sales (44,000 units) Variable expenses Contribution margin 132,000 Fixed expenses 49,000 Net operating income $ 83,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 13%? 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 24%? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $7,000, 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 20%, variable expenses increase by 10 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 Miller Company's contribution format income statement for the most recent month is shown below: Total $ 264,000 132,000 Per Unit $ 6.00 3.00 $ 3.00 Sales (44,000 units) Variable expenses Contribution margin 132,000 Fixed expenses 49,000 Net operating income $ 83,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 13%? 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 24%? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $7,000, 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 20%, variable expenses increase by 10 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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Required 1 Computation of net operating income if sale increase by 19 Current sales 44000 units Incr... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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