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: Per Unit $8.00 5.00 $ 3.00 Sales (35,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 280,000 175,000 105,000 48,000 $ 57,000 Required: (Consider each case independently): 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income 1. What is the revised net operating income if unit sales increase by 11%? 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 16%? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $8,000, 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 20%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 7%? 280,000

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 11% ? 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 16% ? 3. What is the revised net operating income if the selling price increases by $1,40 per unit, fixed expenses increase by $8,000, 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 20%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 7%