Miller Company's contribution format income statement for the most recent month is shown below: Sales (43,000...

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Miller Company's contribution format income statement for the most recent month is shown below: Sales (43,000 units) Total $ 344,000 Per Unit $ 8.00 Variable expenses 215,000 Contribution margin 129,000 5.00 $ 3.00 Fixed expenses 47,000 Net operating income $ 82,000 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 if the selling price decreases by $1.20 per unit and the number of units sold increases by 18%? 3. What is the revised net operating income if the selling price increases by $1.20 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 10%, variable expenses increase by 30 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: Sales (43,000 units) Total $ 344,000 Per Unit $ 8.00 Variable expenses 215,000 Contribution margin 129,000 5.00 $ 3.00 Fixed expenses 47,000 Net operating income $ 82,000 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 if the selling price decreases by $1.20 per unit and the number of units sold increases by 18%? 3. What is the revised net operating income if the selling price increases by $1.20 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 10%, variable expenses increase by 30 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

Answer rating: 100% (QA)

3 Unit sales by 16 J Sales 4300016 x8 M 49880x8 valiable expenses 498805 Contributio... View the full answer