Miller Company's contribution format income statement for the most recent month is shown below Sales (42,000...
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Miller Company's contribution format income statement for the most recent month is shown below Sales (42,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 252,000 126,000 Per Unit $ 6.00 3.00 $ 3.00 126, 000 44, 000 $ 82,000 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 $110 per unit and the number of units sold increases by 19%? 3. What is the revised net operating income if the selling price increases by $110 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 8%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 40 cents per unit, and the number of units sold decreases by 9%? 1 Net operating income 2 Net operating income 3 Net operating income 4. Net operating income Miller Company's contribution format income statement for the most recent month is shown below Sales (42,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 252,000 126,000 Per Unit $ 6.00 3.00 $ 3.00 126, 000 44, 000 $ 82,000 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 $110 per unit and the number of units sold increases by 19%? 3. What is the revised net operating income if the selling price increases by $110 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 8%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 40 cents per unit, and the number of units sold decreases by 9%? 1 Net operating income 2 Net operating income 3 Net operating income 4. Net operating income
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Answer rating: 100% (QA)
1 Revised Number of units Number of units Number of units x sales increase 42000 42000 x 14 42000 58... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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