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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 (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 333,000 222,000 Required: (Consider each case independently) 111,000 41,000 $ 70,000 1. What is the revised net operating income if unit sales increase by 10 % ? 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 22%7 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 5%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income 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 14% ? $ 81,100

Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $9.00 6.00 $ 3.00 Sales (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 333,000 222,000 Required: (Consider each case independently) 111,000 41,000 $ 70,000 1. What is the revised net operating income if unit sales increase by 10 % ? 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 22%7 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 5%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income 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 14% ? $ 81,100

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: Total $ 333,000 222,000 Per Unit $ 9.00 6.00 $ 3.00 Sales (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating income. Required: (Consider each case independently): 111,000 41,000 $70,000 1. What is the revised net operating income if unit sales increase by 10%? 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 22%? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 5%? 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 14%? 1. Net operating income $ 2. Net operating income 3. Net operating income 4. Net operating income 81,100
Transcribed Image Text:Miller Company's contribution format income statement for the most recent month is shown below: Total $ 333,000 222,000 Per Unit $ 9.00 6.00 $ 3.00 Sales (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating income. Required: (Consider each case independently): 111,000 41,000 $70,000 1. What is the revised net operating income if unit sales increase by 10%? 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 22%? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 5%? 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 14%? 1. Net operating income $ 2. Net operating income 3. Net operating income 4. Net operating income 81,100
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