Reference no: EM132945112
Miller Company's contribution format income statement for the most recent month is shown below:
Total Per Unit
Sales (42,000 units) $ 336,000 $ 8.00
Variable expenses 210,000 5.00
Contribution margin 126,000 $ 3.00
Fixed expenses 50,000
Net operating income $ 76,000
Required: (Consider each case independently):
Problem 1. What is the revised net operating income if unit sales increase by 18%?
Problem 2. What is the revised net operating income if the selling price decreases by $1.20 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 $1.20 per unit, fixed expenses increase by $10,000, and the number of units sold decreases by 8%?
Problem 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 15%?
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