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 is shown below: Sales (35,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 210,000 105,000 105,000 41,000 $ 64,000 Per Unit $ 6.00 3.00 $3.00 Required: (Consider each case Independently): 1. What is the revised net operating income if unit sales increase by 12%? 2. What is the revised net operating income if the selling price decreases by $1.40 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 $1.40 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 7%? 4. What is the revised net operating Income if the selling price per unit increases by 20%, variable expenses increase by 20 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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