asssssss Miller Company's contribution format income statement for the most recent month is shown below:Per Unit$9.005.40$ 3.60Sales (28,800 units)Variable expensesContribution marginFixed expensesNet operating incomeTotal$ 259,200155,520103,68060,480$ 43,200Required:(Consider each of the four requirements independently):1. Assume the sales volume increases by 4,896 units:a. What is the revised net operating income?b. What is the percent increase in unit sales?c. Using the most recent month's degree of operating leverage, what is the percent increase in net operating income?2. What is the revised net operating income if the selling price decreases by $1.30 per unit and the number of units sold increases by22%?3. What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $8,000, and thenumber of units sold decreases by 7%?4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 30 cents perunit, and the number of units sold decreases by 11%?1a. Net operating income1b. Percent increase in unit sales1c. Percent increase in net operating income2. Net operating income (loss)3. Net operating income4. Net operating income%%

Solution:-The question is about the calculation of revised Net Operating Income.Net operating income…

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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