2. Accounting
3. miller companys contribution format income statement for the most recent...

# Question: miller companys contribution format income statement for the most recent...

###### Question details

Miller Company’s contribution format income statement for the most recent month is shown below:

 Total Per Unit Sales (37,000 units) $259,000$ 7.00 Variable expenses 148,000 4.00 Contribution margin 111,000 $3.00 Fixed expenses 47,000 Net operating income$ 64,000

Required:

(Consider each case independently):

1. What is the revised net operating income if unit sales increase by 17%?

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 by 19%? 3. What is the revised net operating income if the selling price increases by$1.10 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 7%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 9%? Miller Company’s contribution format income statement for the most recent month is shown below:  Total Per Unit Sales (37,000 units)$ 259,000 $7.00 Variable expenses 148,000 4.00 Contribution margin 111,000$ 3.00 Fixed expenses 47,000 Net operating income $64,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 17%? 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 by 19%?

3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by$6,000, 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 30 cents per unit, and the number of units sold decreases by 9%?

1. NET INCOME

2. NET INCOME

3. NET INCOME

4. NET INCOME