Question: Exercise 6-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO6-1, LO6-4] Miller Company's contribution format income statement for
Exercise 6-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO6-1, LO6-4] Miller Company's contribution format income statement for the most recent month is shown below: Total Sales (43,000 units) $387,000 Variable expenses 258,000 Contribution margin 129,000 Fixed expenses 41,000 Net operating $ 88,000 income Per Unit $9.00 6.00 $3.00 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 $1.50 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 $1.50 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 4%? 4. What is the revised net operating income of the selling price per unit increases by 20%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 11%? $ 203,945 $ 185,395 Net operating income Net operating 2. income Net operating 3. income Net operating 4. income
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