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Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $9.00 6.00 $3.00 Sales (33,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income Total $ 297,000 198,000 1. What is the revised net operating income if unit sales increase by 15%? 2. What is the revised net operating income if the selling price decreases by $1.10 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 $1.10 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 5%? 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 8%? $ 99,000 44,000 $ 55,000 69,850

Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $9.00 6.00 $3.00 Sales (33,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income Total $ 297,000 198,000 1. What is the revised net operating income if unit sales increase by 15%? 2. What is the revised net operating income if the selling price decreases by $1.10 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 $1.10 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 5%? 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 8%? $ 99,000 44,000 $ 55,000 69,850

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $9.00 6.00 $3.00 Sales (33,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income Total $ 297,000 198,000 1. What is the revised net operating income if unit sales increase by 15%? 2. What is the revised net operating income if the selling price decreases by $1.10 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 $1.10 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 5%? 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 8%? $ 99,000 44,000 $ 55,000 69,850
Transcribed Image Text:Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $9.00 6.00 $3.00 Sales (33,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income Total $ 297,000 198,000 1. What is the revised net operating income if unit sales increase by 15%? 2. What is the revised net operating income if the selling price decreases by $1.10 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 $1.10 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 5%? 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 8%? $ 99,000 44,000 $ 55,000 69,850
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