Please don't give image format and solve all required Exercise 5-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total FixedCosts [LO5-1, LO5-4]Miller Company's contribution format income statement for the most recent month is shown below:Per Unit$9.006.00$ 3.00Sales (41,000 units)Variable expensesContribution marginFixed expensesNet operating incomeTotal$ 369,000246,000123,00041,000$ 82,000Required:(Consider each case independently):1. Net operating income2. Net operating income3. Net operating income4. Net operating income1. 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 $1.10 per unit and the number of units sold increases by22%?3. What is the revised net operating income if the selling price increases by $110 per unit, fixed expenses increase by $7,000, and thenumber 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 40 cents perunit, and the number of units sold decreases by 7%?

Revised Unit Sales [41,000 units + (41,000 units * 18%)] 48,380UnitsTotalPer…

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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content/qualsims/accounting/cost_volume_profit/v2/player/#/891e73d6eefafa67438268e177eaa497_qualsimsaccountingcost_volume_profitmiller_nobles_mattis 75 Tumblers Sora per month Sales Revenue Less: Variable Expenses Contribution Margin Less: Fixed Expenses Operating Income Total Per Unit $ 2,250 $ 30 1,350 18 $ 900 $ 12 250 $ 650 In order to determine how much contribution margin is earned for each $1 of sales, what is the contribution margin ratio on your tumbler sales? Round to the nearest whole number. Select an option from the choices below and click Submit. ○ 29% ○ 40% ○ 250% Submit
Whirly Corporation's contribution format income statement for the most recent month is shown below: Per Unit $ 30.00 19.00 $11.00 Sales (7,900 units) Variable expenses Contribution margin Fixed expenses Net operating income. Required: (Consider each case independently): Total $ 237,000 150, 100 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income 86,900 55,200 $ 31,700 1. What would be the revised net operating income per month if the sales volume increases by 30 units? 2. What would be the revised net operating income per month if the sales volume decreases by 30 units? 3. What would be the revised net operating income per month if the sales volume is 6,900 units?
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Exercise 5-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4] Miller Company's contribution format Income statement for the most recent month is shown below: Per Unit $ 5.00 2.00 $ 3.00 Sales (32,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 160,000 64,000 96,000 42,000 $ 54,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 14%? 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 24%? 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 $1.20 per unit, fixed expenses increase by $9,000, and the number of units sold decreases by 4%? 4. What is the revised net operating income if the selling price per unit…
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