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Miller Company's contribution format income statement for the most recent month is shown below: Total Per Unit $9.00 $ 342,000 228,000 6.00 $ 3.00 Sales (38,000 units) Variable expenses Contribution margin: Fixed expenses Net operating income 114,000 47,000 $ 67,000 Required: (Consider each case Independently): What is the revised net operating income if unit sales increase by 20%? What is the revised net operating income if the selling price decreases by $1.30 per unit and the number of units sold Increases by 23%? What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 3% ? 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 5%? Net operating income Net operating income Net operating income Net operating income $ 637,000

Miller Company's contribution format income statement for the most recent month is shown below: Total Per Unit $9.00 $ 342,000 228,000 6.00 $ 3.00 Sales (38,000 units) Variable expenses Contribution margin: Fixed expenses Net operating income 114,000 47,000 $ 67,000 Required: (Consider each case Independently): What is the revised net operating income if unit sales increase by 20%? What is the revised net operating income if the selling price decreases by $1.30 per unit and the number of units sold Increases by 23%? What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 3% ? 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 5%? Net operating income Net operating income Net operating income Net operating income $ 637,000

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 (38,000 units) Variable expenses Contribution margin: Fixed expenses Net operating income Total $ 342,000 228,000 114,000 47,000 $ 67,000 Required: (Consider each case Independently): Net operating income Net operating income Net operating income Net operating income What is the revised net operating income if unit sales increase by 20%? What is the revised net operating income if the selling price decreases by $1.30 per unit and the number of units sold Increases by 23%? What is the revised net operating Income if the selling price increases by $1.30 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 3%? 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 5%? $ 637,000
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 (38,000 units) Variable expenses Contribution margin: Fixed expenses Net operating income Total $ 342,000 228,000 114,000 47,000 $ 67,000 Required: (Consider each case Independently): Net operating income Net operating income Net operating income Net operating income What is the revised net operating income if unit sales increase by 20%? What is the revised net operating income if the selling price decreases by $1.30 per unit and the number of units sold Increases by 23%? What is the revised net operating Income if the selling price increases by $1.30 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 3%? 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 5%? $ 637,000
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