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Miller Companys contribution format income statement for the most recent month is shown below: $ Sales (32,000 units) Variab
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Ans 1 Computation of net operating income
sales 32000*117%*7 262080
Variable cost 32000*4*117% 149760
Contribution margin 112320
Fixed expenses 42000
Operating income 70320
ans = 70320
Ans 2 Computation of net operating income
sales 32000*123%*(7-1.3) 224352
Variable cost 32000*4*123% 157440
Contribution margin 66912
Fixed expenses 42000
Operating income 24912
ans = 24912
Ans 3 Computation of net operating income
sales 32000*92%*(7-1.3) 167808
Variable cost 32000*4*92% 117760
Contribution margin 50048
Fixed expenses 42000+6000 48000
Operating income 2048
ans = 2048
Ans 4 Computation of net operating income
sales 32000*87%*(7*120%) 233856
Variable cost 32000*(4+0.2)*87% 116928
Contribution margin 116928
Fixed expenses 42000 42000
Operating income 74928
ans = 74928
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