FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
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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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