Miller Company's contribution format income statement for the most recent month is shown below:Per Unit$ 7.004.00$ 3.00Sales (40,000 units)Variable expensesContribution margin.Fixed expensesNet operating incomeRequired:(Consider each case independently):Total$ 280,000160,000120,00049,000$ 71,0001. What is the revised net operating income if unit sales increase by 19%?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 by19%?3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $8,000, and thenumber of units 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 perunit, and the number of units sold decreases by 13%?

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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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