Exercise 5-13 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: Total 328,000 Per Unit 8.00 Sales (41,000 units) Variable expenses 205,000 5.00 Contribution margin 3.00 123,000 Fixed expenses 41,000 Net operating income 82,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 10%? 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 24%? 3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 2%? 4. What is the revised net operating income if the selling price per unit increases by 20 %, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 14%? 1 Net operating income 2. Net operating income |3 Net operating income 4 Net operating income