Sales (45,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $360,000 225,000 135,000...
Miller Company's contribution format income statement for the most recent month is shown below: Total $360,000 225,000 Per Unit Sales (45,000 units) Variable expenses $8.00 5.00 Contribution margin 3.00 135,000 Fixed expenses 49,000 $ 86,000 Net operating income Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 18%? 2. What is the revised net operating income if the selling price decreases by $1.20 per unit and the number of units sold...
1. What is the revised net operating income if unit sales increase by 16%? 2. What is the revised net operating income if the selling price decreases by $1.30 per unit and the number of units sold increases by 21%? 3. What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 7%? 4. What is the revised net operating income if...
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...
Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (33,000 units) $ 231,000 $ 7.00 Variable expenses 132,000 4.00 Contribution margin 99,000 $ 3.00 Fixed expenses 45,000 Net operating income $ 54,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 18%? 2. What is the revised net operating income if the selling price decreases by $1.10 per unit and the number...
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 48,000 Net operating income $ 63,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 14%? 2. What is the revised net operating income if the selling price decreases by $1.10 per unit and the number...
Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (38,000 units) $ 228,000 $ 6.00 Variable expenses 114,000 3.00 Contribution margin 114,000 $ 3.00 Fixed expenses 43,000 Net operating income $ 71,000 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...
Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (33,000 units) $ 231,000 $ 7.00 Variable expenses 132,000 4.00 Contribution margin 99,000 $ 3.00 Fixed expenses 45,000 Net operating income $ 54,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 18%? 2. What is the revised net operating income if the selling price decreases by $1.10 per unit and the number...
Check my work 4 Miller Company's contribution format income statement for the most recent month is shown below Per Unit Total $ 324,000 Sales (36,000 units) Variable expenses 9.00 12.5 216,000 6.00 points Contribution margin 3.00 108,000 Skipped Fixed expenses 45,000 63,000 Net operating income Print Required: (Consider each case independently) 1. What is the revised net operating income if unit sales increase by 18%? 2. What is the revised net operating income if the selling price decreases by $1.10...
Miller Company's contribution format income statement for the most recent month is shown below: Total $ 264,000 132,000 132,000 46,000 $ 86,000 Per Unit $ 6.00 3.00 $ 3.00 Sales (44,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 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...
Miller Company's most recent contribution format income statement is shown below: Sales (32.000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $224,000 128,000 96,000 47,000 $ 49,000 Per Unit $7.00 4.00 $3.00 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.) 1. The number of units sold increases by 12%. Per Unit Miller Company...