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:
Per Unit
$ 6.00
3.00
$ 3.00
Sales (37,000 units)
Variable expenses
Contribution margin
Fixed expenses
Net operating income
Required:
(Consider each case independently):
Total
$ 222,000
111,000
1. Net operating income
2. Net operating income.
3. Net operating income
4. Net operating income
111,000
40,000
$ 71,000
1. What is the revised net operating income if unit sales increase by 15% ?
2. What is the revised net operating income if the selling price decreases by $1.50 per unit and the number of units sold increases by
21%?
3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $7,000, 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 20 %, variable expenses increase by 20 cents per
unit, and the number of units sold decreases by 6%?
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Transcribed Image Text:Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $ 6.00 3.00 $ 3.00 Sales (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): Total $ 222,000 111,000 1. Net operating income 2. Net operating income. 3. Net operating income 4. Net operating income 111,000 40,000 $ 71,000 1. What is the revised net operating income if unit sales increase by 15% ? 2. What is the revised net operating income if the selling price decreases by $1.50 per unit and the number of units sold increases by 21%? 3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $7,000, 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 20 %, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 6%?
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