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Miller Company's contribution format income statement for the most recent month is shown below: Total $ 270,000 135,000 Sales (45,000 unite) Variable expenses Contribution margin Fixed expenses Net operating income. Required: (Consider each case independently): 135,000 40,000 $ 87,000 Per Unit $6.00 3.00 $ 3.00 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 $1.10 per unit and the number of units sold increases by 15%7 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $8,000, 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 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 11%?

Miller Company's contribution format income statement for the most recent month is shown below: Total $ 270,000 135,000 Sales (45,000 unite) Variable expenses Contribution margin Fixed expenses Net operating income. Required: (Consider each case independently): 135,000 40,000 $ 87,000 Per Unit $6.00 3.00 $ 3.00 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 $1.10 per unit and the number of units sold increases by 15%7 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $8,000, 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 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 11%?

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 $6.00 3.00 $ 3.00 Sales (45,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): Total $ 270,000 135,000 135,000 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 $1.10 per unit and the number of units sold increases by 15%? 48,000 $ 87,000 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 6%? 1. Net operating income 2. Net operating income 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 11% ? 3. Net operating income 4. Net operating income.
Transcribed Image Text:Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $6.00 3.00 $ 3.00 Sales (45,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): Total $ 270,000 135,000 135,000 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 $1.10 per unit and the number of units sold increases by 15%? 48,000 $ 87,000 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $8,000, and the number of units sold decreases by 6%? 1. Net operating income 2. Net operating income 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 11% ? 3. Net operating income 4. Net operating income.
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