ise 6-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO6-1, LO6-4] Miller Company's contribution format income statement for the most recent month is shown below: Total $ 256,000 160,000 Per Unit $8.00 5.00 $ 3.00 Sales (32,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 18%? 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%7 3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 3%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 11%? 1. Net operating income 2. Net operating income 96,000 48,000 $ 48,000 3. Net operating income 4. Net operating income
ise 6-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO6-1, LO6-4] Miller Company's contribution format income statement for the most recent month is shown below: Total $ 256,000 160,000 Per Unit $8.00 5.00 $ 3.00 Sales (32,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 18%? 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%7 3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 3%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 11%? 1. Net operating income 2. Net operating income 96,000 48,000 $ 48,000 3. Net operating income 4. Net operating income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Ee 397.
![Exercise 6-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed
Costs [LO6-1, LO6-4]
Miller Company's contribution format income statement for the most recent month is shown below:
Total
Per Unit
$ 8.00
$ 256,000
160,000
5.00
96,000
$ 3.00
48,000
$ 48,000
Sales (32,000 units)
Variable expenses
Contribution margin
Fixed expenses
Net operating income
Required:
(Consider each case independently):
1. What is the revised net operating income if unit sales increase by 18% ?
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%7
3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $6,000, and the
number of units sold decreases by 3% ?
4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 30 cents per
unit, and the number of units sold decreases by 11%?
1. Net operating income
2. Net operating income
3. Net operating Income
4. Net operating income](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0f5440e2-421a-417e-a443-87e36536b491%2Fe16138a1-03af-4974-a952-e5181d02f5d2%2F6kqygrh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 6-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed
Costs [LO6-1, LO6-4]
Miller Company's contribution format income statement for the most recent month is shown below:
Total
Per Unit
$ 8.00
$ 256,000
160,000
5.00
96,000
$ 3.00
48,000
$ 48,000
Sales (32,000 units)
Variable expenses
Contribution margin
Fixed expenses
Net operating income
Required:
(Consider each case independently):
1. What is the revised net operating income if unit sales increase by 18% ?
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%7
3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $6,000, and the
number of units sold decreases by 3% ?
4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 30 cents per
unit, and the number of units sold decreases by 11%?
1. Net operating income
2. Net operating income
3. Net operating Income
4. Net operating income
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