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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) $ 238,000 $ 7.00
Variable expenses 136,000 4.00
Contribution margin 102,000 $ 3.00
Fixed expenses 44,000
Net operating income $ 58,000

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 $1.40 per unit and the number of units sold increases by 18%?

3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 8%?

4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 40 cents per unit, and the number of units sold decreases by 13%?

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