Miller Company's contribution format income statement for the most recent month is shown below Total $328,000 205,000 Sales (41,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: Consider each case independently) 123,000 43,000 $ 50,000 Per Unit $8.00 5.00 $ 3.00 What is the revised net operating income if unit sales increase by 11%? 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 17%2 3. What is the revised net operating income of the selling price increases by $1.50 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 6%? 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 6%? 1. Net operating income 2. Net operating income 3 Net operating income 4 Net operating income Answer is complete but not entirely correct. 78,000 $ 15 57, 165 5 124,370 $ 0,584 Retu
Miller Company's contribution format income statement for the most recent month is shown below Total $328,000 205,000 Sales (41,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: Consider each case independently) 123,000 43,000 $ 50,000 Per Unit $8.00 5.00 $ 3.00 What is the revised net operating income if unit sales increase by 11%? 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 17%2 3. What is the revised net operating income of the selling price increases by $1.50 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 6%? 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 6%? 1. Net operating income 2. Net operating income 3 Net operating income 4 Net operating income Answer is complete but not entirely correct. 78,000 $ 15 57, 165 5 124,370 $ 0,584 Retu
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Subject :- Accounting
Transcribed Image Text:Miller Company's contribution format income statement for the most recent month is shown below
Total
$328,000
205,000
123,000
Per Unit
$0.00
5.00
$ 3.00
43,000
$ 50,000
Sales (41,000 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 11%?
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
17%?
3. What is the revised net operating income if the selling price increases by $150 per unit, fixed expenses increase by $5,000, and the
number of units sold decreases by 6%?
4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 20 cents per
unit, and the number of units sold decreases by 6%?
Answer is complete but not entirely correct.
$ 78,000
S 57,165
1 Net operating income
2. Net operating income
3 Net operating income
4. Net operating income
S 124,370
$ 88,584
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