Question: Exercise 5-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4) Miller Company's contribution format income statement
Exercise 5-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4) Miller Company's contribution format income statement for the most recent month is shown below: Sales (42,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 336,000 210,000 126.000 50,000 $ 76,000 Per Unit $ 8.00 5.00 $ 3.00 Required: (Consider each case independently 1. What is the revised net operating Income funit sales increase by 13%? 2. What is the revised niet operating income if the selling price decreases by $1.40 per unit and the number of units sold increases by 17%? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fed expenses Increase by $10,000, and the number of units sold decreases by 4%? 4. What is the revised net operating income if the selling price per unit increases by 10%, varlable expenses increase by 40 cents per unit, and the number of units sold decreases by 10%? 1. Net operating Income 2. Not operating income 3. Net operating income 4. Net operating income
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