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Miller Companys contribution format income statement for the most recent month is shown below: ...

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Accounting

Miller Companys contribution format income statement for the most recent month is shown below:

Total Per Unit
Sales (34,000 units) $ 306,000 $ 9.00
Variable expenses 204,000 6.00
Contribution margin 102,000 $ 3.00
Fixed expenses 41,000
Net operating income $ 61,000

Required:

(Consider each case independently):

1. What is the revised net operating income if unit sales increase by 12%?

2. What is the revised net operating income if the selling price decreases by $1.20 per unit and the number of units sold increases by 23%?

3. What is the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $9,000, and the number of units sold decreases by 6%?

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 8%?

1. Net operating income
2. Net operating income
3. Net operating income
4. Net operating income

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