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: Required: (Consider each case Independently): 1. What is the revised net operating income if unit sales Increase by 14% ? 2. What is the revised net operating Income If the selling price decreases by $1.30 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 $1.30 per unit, fixed expenses Increase by $7,000, 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 10 cents per unit, and the number of units sold decreases by 7%
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