Transcribed Image Text
In: AccountingMiller Company’s contribution format income statement for themost recent month is shown below:TotalPer...Miller Company’s contribution format income statement for themost recent month is shown below:TotalPer UnitSales (41,000units)$246,000$6.00Variable expenses123,0003.00Contribution margin123,000$3.00Fixed expenses48,000Net operating income$75,000Required:(Consider each case independently):1. What is the revised net operating income if unit salesincrease by 16%?2. What is the revised net operating income if the selling pricedecreases by $1.50 per unit and the number of units sold increasesby 15%?3. What is the revised net operating income if the selling priceincreases by $1.50 per unit, fixed expenses increase by $8,000, andthe number of units sold decreases by 4%?4. What is the revised net operating income if the selling priceper unit increases by 10%, variable expenses increase by 30 centsper unit, and the number of units sold decreases by 6%?