Question: Miller Company's contribution format income statement for the most recent month is shown below: Required: (Consider each case independently): 1. What is the revised net

Miller Company's contribution format income statement for the most recent month is shown below:
Miller Company's contribution format income statement for the most recent

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 $1.50 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 $1.50 per unit, fixed expenses increase by $20,000, and the number of units sold decreases by 5%?
4. What is the revised net operating income if the selling price per unit increases by 12%, variable expenses increase by 60 cents per unit, and the number of units sold decreases by 10%?

Total Per Unit Sales (20,000 units) Variable expenses. Contribution margin O0 $15.00 80,000 9.00 1 70,000 Net operating income... 500o

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Total Per Unit 1 Sales 20000 units 115 23000 units 345000 1500 Vari... View full answer

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