Miller Company's contribution format income statement for the most recent month isshown below: Total Per Unit Sales (25, 800 units) $ 232,200 $ 9.00 Variable expenses139,320 5.40 Contribution margin 92,880 $ 3.60 Fixed expenses 54,180 Net operatingincome $ 38,700 Required: (Consider each of the four requirements independently):Assume the sales volume increases by 4, 128 units: What is the revised net operatingincome? What is the percent increase in unit sales? Using the most recent month's degreeof operating leverage, what is the percent increase in net operating income? What is therevised net operating income if the selling price decreases by $1.50 per unit and thenumber of units sold increases by 23 % ? What is the revised net operating income if theselling price increases by $1.50 per unit, fixed expenses increase by $6,000, and the numberof units sold decreases by 7 % ? What is the revised net operating income if the selling priceper unit increases by 20%, variable expenses increase by 40 cents per unit, and thenumber of units sold decreases by 7 % ?

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Answered: Miller Company's contribution format…

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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Whirly Corporation's contribution format income statement for the most recent month is shown below: Per Unit $34.00 19.00 126,000 $ 15.00 54,700 $ 71,300 Sales (8,400 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): Total $ 285,600 159,600 1. What would be the revised net operating income per month if the sales volume increases by 50 units? 2. What would be the revised net operating income per month if the sales volume decreases by 50 units? 3. What would be the revised net operating income per month if the sales volume is 7,400 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income +
Subject: acounting
Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $ 8.00 5.00 $ 3.00 Sales (34,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 272,000 170,000 102,000 44,000 $ 58,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 13%? 2. What is the revised net operating income if the selling price decreases by $1.20 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 $1.20 per unit, fixed expenses increase by $10,000, and the number of units sold decreases by 7%? 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 12%? 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: Per Unit $ 8.00 5.00 $ 3.00 Sales (43,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): Total $ 344,000 215,000 129,000 43,000 $ 86,000 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 $1.40 per unit and the number of units sold increases by 18%? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 4%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 14%? 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 42,000 $ 75,000 Sales (39,000 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 20%? 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 16%? 1 3. What is the revised net operating income if 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 13% Per Unit Net operating income 2 Net operating income 3. Net operating income 4. 5.00 $ 3.00 Net operating income
Whirly Corporation's contribution format income statement for the most recent month is shown below: Per Unit $ 35.00 19.00 $ 16.00 Sales (7,900 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 276,500 150,100 126,400 54,100 $ 72,300 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 40 units? 2. What would be the revised net operating income per month if the sales volume decreases by 40 units? 3. What would be the revised net operating income per month if the sales volume is 6,900 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income
Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 272,000 152, 000 120, 000 54,700 $ 65,300 Required: (Consider each case independently): Per Unit $34.00 19.00 $15.00 1. What would be the revised net operating income per month if the sales volume increases by 70 units? 2. What would be the revised net operating income per montii if the sales volume decreases by 70 units? 3. What would be the revised net operating income per month if the sales volume is 7.000 units?
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
Whirly Corporation's contribution format income statement for the most recent month is shown below: Total $ 308,000 Per Unit $ 35.00 176,000 20.00 $15.00 Sales (8,800 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): 132,000 54,400 $ 77,600 1. What would be the revised net operating income per month if the sales volume increases by 50 units? 2. What would be the revised net operating income per month if the sales volume decreases by 50 units? 3. What would be the revised net operating income per month if the sales volume is 7,800 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income
Just need 2,3,4 answered
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 20,000 Variable expenses 12,000 Contribution margin 8,000 Fixed expenses 6,000 Net operating income $ 2,000 Required: What is the break-even point in sales dollars?
Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $ 6.00 3.60 $ 2.40 Sales (30,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 180,000 108,000 72,000 42,000 $ 30,000 Required: (Consider each of the four requirements independently): 1. Assume the sales volume increases by 4,800 units: a. What is the revised net operating income? b. What is the percent increase in unit sales? c. Using the most recent month's degree of operating leverage, what is the percent increase in net operating income? 2. What is the revised net operating income if the selling price decreases by $1.20 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 $1.20 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 7%? 1a. Net operating income 1b. Percent increase in unit sales 4. What is the revised net…

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