Miller Company’s contribution format income statement for the most recent month is shown below: Sales (43,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 258,000 129,000 129,000 48,000 $ 81,000 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 14%? 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 21%?

3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $6,000, 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 10%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 13%? ilm 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income |Get Accounting Homework Help today

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