Question: Miller Company's contribution format income statement for the most recent month is shown below: Sales (35,000 units) Variable expenses Contribution margin Fixed expenses Net operating

 Miller Company's contribution format income statement for the most recent month

Miller Company's contribution format income statement for the most recent month is shown below: Sales (35,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 280,000 175,000 105,000 47,000 $ 58,000 Per Unit $ 8.00 5.00 $ 3.00 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 16%? 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 23%? 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 4%? 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 13%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income

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