Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $9.00 6.00 $ 3.00 Sales (41,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 369,000 246,000 123,000 41,000 $ 82,000 Required: (Consider each case independently): 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income 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 $110 per unit and the number of units sold increases by 22%7 3. What is the revised net operating income if the selling price increases by $110 per unit, fixed expenses increase by $7,000, 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 40 cents per unit, and the number of units sold decreases by 7%?
Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $9.00 6.00 $ 3.00 Sales (41,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 369,000 246,000 123,000 41,000 $ 82,000 Required: (Consider each case independently): 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income 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 $110 per unit and the number of units sold increases by 22%7 3. What is the revised net operating income if the selling price increases by $110 per unit, fixed expenses increase by $7,000, 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 40 cents per unit, and the number of units sold decreases by 7%?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please don't give image format and solve all required
![Exercise 5-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed
Costs [LO5-1, LO5-4]
Miller Company's contribution format income statement for the most recent month is shown below:
Per Unit
$9.00
6.00
$ 3.00
Sales (41,000 units)
Variable expenses
Contribution margin
Fixed expenses
Net operating income
Total
$ 369,000
246,000
123,000
41,000
$ 82,000
Required:
(Consider each case independently):
1. Net operating income
2. Net operating income
3. Net operating income
4. Net operating income
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 $1.10 per unit and the number of units sold increases by
22%?
3. What is the revised net operating income if the selling price increases by $110 per unit, fixed expenses increase by $7,000, 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 40 cents per
unit, and the number of units sold decreases by 7%?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fea6bde4e-c725-4e00-a32f-5e39c02069ee%2Ff758791d-b3b3-415f-b861-3d4e4af2084c%2Fywmc48_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 5-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed
Costs [LO5-1, LO5-4]
Miller Company's contribution format income statement for the most recent month is shown below:
Per Unit
$9.00
6.00
$ 3.00
Sales (41,000 units)
Variable expenses
Contribution margin
Fixed expenses
Net operating income
Total
$ 369,000
246,000
123,000
41,000
$ 82,000
Required:
(Consider each case independently):
1. Net operating income
2. Net operating income
3. Net operating income
4. Net operating income
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 $1.10 per unit and the number of units sold increases by
22%?
3. What is the revised net operating income if the selling price increases by $110 per unit, fixed expenses increase by $7,000, 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 40 cents per
unit, and the number of units sold decreases by 7%?
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