Miller Company's contribution format income statement for the most recent month is shown below: Total #312,000 195,000 117,000 41,000 $ 76,000 Sales (39,000 units) Variable expenses Contribution margin Pixed expenses Net operating income Required: (Consider each case independently) Per Unit 8.00 5.00 $1.00 1. What is the revised net operating income if unit sales increase by 18%3 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 19%7 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 2 %? 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 10%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income
Miller Company's contribution format income statement for the most recent month is shown below: Total #312,000 195,000 117,000 41,000 $ 76,000 Sales (39,000 units) Variable expenses Contribution margin Pixed expenses Net operating income Required: (Consider each case independently) Per Unit 8.00 5.00 $1.00 1. What is the revised net operating income if unit sales increase by 18%3 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 19%7 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 2 %? 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 10%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Miller Company's contribution format income statement for the most recent month is shown below:
Per Unit
$8.00
5.00
$1.00
Sales (39,000 units)
Variable expenses
Contribution margin
Fixed expenses
Net operating income
Required:
(Consider each case Independently)
Total
$312,000
195,000
117,000
41,000
$76,000
1. What is the revised net operating income if unit sales increase by 18%3
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
19%7
3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $7,000, and the
number of units sold decreases by 2%7
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 10%?
1. Net operating income
2. Net operating income
3. Net operating income
4. Net operating income
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