Exercise $6-13($Static$)$ Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs $[$LO$6-1,$ LO$6-4]$

Miller Company$$s contribution format income statement for the most recent month is shown below:

Total Per Unit

Sales $(20,000$ units$)$ $ $300,000$ $ $15\mathrm{.}00$

Variable expenses $180,0009\mathrm{.}00$

Contribution margin $120,000$ $ $6\mathrm{.}00$

Fixed expenses $70,000$

Net operating income $ $50,000$

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\mathrm{.}50$ per unit and the number of units sold increases by $25\%?$

$3.$ What is the revised net operating income if the selling price increases by $$1\mathrm{.}50$ per unit, fixed expenses increase by $$20,000,$ 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 $12\%,$ variable expenses increase by $60$ cents per unit, and the number of units sold decreases by $10\%?$Costs $[$LO$6-1,$ LO$6-4]$

Miller Company's contribution format income statement for the most recent month is shown below:

Required:

$($Consider each case independently$)$:

What is the revised net operating income if unit sales increase by $15\%?$

What is the revised net operating income if the selling price decreases by $$1\mathrm{.}50$ per unit and the number of units sold increases by

$25\%?$

What is the revised net operating income if the selling price increases by $$1\mathrm{.}50$ per unit, fixed expenses increase by $$20,000,$ and

the number of units sold decreases by $5\%?$

What is the revised net operating income if the selling price per unit increases by $12\%,$ variable expenses increase by $60$ cents per

unit, and the number of units sold decreases by $10\%?$Costs $[$LO$6-1,$ LO$6-4]$

Miller Company's contribution format income statement for the most recent month is shown below:

Required:

$($Consider each case independently$)$:

What is the revised net operating income if unit sales increase by $15\%?$

What is the revised net operating income if the selling price decreases by $$1\mathrm{.}50$ per unit and the number of units sold increases by

$25\%?$

What is the revised net operating income if the selling price increases by $$1\mathrm{.}50$ per unit, fixed expenses increase by $$20,000,$ and

the number of units sold decreases by $5\%?$

What is the revised net operating income if the selling price per unit increases by $12\%,$ variable expenses increase by $60$ cents per

unit, and the number of units sold decreases by $10\%?$

Answer is complete but not entirely correct.