Check my workCheck My Work button is now enabled

Item10

Item 10 4 points

Check my workCheck My Work button is now enabled

Item10

Item 10 4 points

Check my workCheck My Work button is now enabled

Item10

Item 10 4 points

Miller Companys contribution format income statement for the most recent month is shown below:

	Total			Per Unit
Sales (34,000 units)	$	306,000		$	9.00
Variable expenses		204,000			6.00
Contribution margin		102,000		$	3.00
Fixed expenses		43,000
Net operating income	$	59,000

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 $1.40 per unit and the number of units sold increases by 21%?

3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 7%?

4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 11%?