Reference no: EM132986795
Miller Company's contribution format income statement for the most recent month is shown below:
Sales (37,000 units) $ 296,000 $ 8.00
Variable expenses 185,000 5.00
Contribution margin 111,000 3.00
Fixed expenses 46,000
Net Operating Income $ 65,000
Required:
Problem 1. What is the revised net operating income if unit sales increase by 11%?
Problem 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 23%?
Problem 3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $9,000, and the number of units sold decreases by 5%?
Problem 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 15%?
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