Miller Company's contribution format income statement for the most recent month is shown below: Total $ 259,000 Per Unit $7.00 148,000 4.00 111,000 $ 3.00 46,000 $ 65,000 Sales (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): 1. 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 $1.40 per unit and the number of units sold increases by 20%? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 7%? 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

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The contribution format income statement for Huerra Company for last year is given below:     Total Unit Sales $ 992,000 $ 49.60 Variable expenses 595,200 29.76 Contribution margin 396,800 19.84 Fixed expenses 316,800 15.84 Net operating income 80,000 4.00 Income taxes @ 40% 32,000 1.60 Net income $ 48,000 $ 2.40   The company had average operating assets of $500,000 during the year.   Required: 1. Compute the company’s margin, turnover, and return on investment (ROI) for the period.   For each of the following questions, indicate whether the margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI figure. Consider each question separately, starting in each case from the data used to compute the original ROI in (1) above. 2. Using Lean Production, the company is able to reduce the average level of inventory by $96,000. 3. The company achieves a cost savings of $6,000 per year by using less…

Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 272,000 152, 000 120, 000 54,700 $ 65,300 Required: (Consider each case independently): Per Unit $34.00 19.00 $15.00 1. What would be the revised net operating income per month if the sales volume increases by 70 units? 2. What would be the revised net operating income per montii if the sales volume decreases by 70 units? 3. What would be the revised net operating income per month if the sales volume is 7.000 units?

Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $8.00 5.00 $1.00 Sales (39,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case Independently) Total $312,000 195,000 117,000 41,000 $76,000 1. What is the revised net operating income if unit sales increase by 18%3 2. What is the revised net operating income if the selling price decreases by $110 per unit and the number of units sold increases by 19%7 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 2%7 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 40 cents per unit, and the number of units sold decreases by 10%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income

The contribution format income statement for Huerra Company for last year is given below:     Total Unit Sales $ 1,006,000 $ 50.30 Variable expenses 603,600 30.18 Contribution margin 402,400 20.12 Fixed expenses 324,400 16.22 Net operating income 78,000 3.90 Income taxes @ 40% 31,200 1.56 Net income $ 46,800 $ 2.34   The company had average operating assets of $508,000 during the year.   Required: 1. Compute the company’s margin, turnover, and return on investment (ROI) for the period.   For each of the following questions, indicate whether the margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI figure. Consider each question separately, starting in each case from the data used to compute the original ROI in (1) above. 2. Using Lean Production, the company is able to reduce the average level of inventory by $91,000. 3. The company achieves a cost savings of $6,000 per year by using less…

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Last year’s contribution format income statement for Huerra Company is given below:   Total Unit Sales $ 1,002,000 $ 50.10 Variable expenses 601,200 30.06 Contribution margin 400,800 20.04 Fixed expenses 316,800 15.84 Net operating income 84,000 4.20 Income taxes @ 40% 33,600 1.68 Net income $ 50,400 $ 2.52 The company had average operating assets of $491,000 during the year. Required: Compute last year’s margin, turnover, and return on investment (ROI). For each of the following questions, indicate whether last year’s margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI. Consider each question separately. Using Lean Production, the company is able to reduce the average level of inventory by $100,000. The company achieves a cost savings of $10,000 per year by using less costly materials. The company purchases machinery and equipment that increase average operating assets by $125,000.…

The GAAP income statement for Pace Company for the year ended December 31, 2022, shows sales $900,000, cost of goods sold $600,000, and operating expenses $200,000. Assuming all costs and expenses are 70% variable and 30% fixed, prepare a CVP income statement through contribution margin.