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 of units sold increased by 17%?
3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 4%?
4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 9%?
Miller Company’s contribution format income statement for the most recent month is shown below: Total Per...
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) $ 296,000 $ 8.00 Variable expenses 185,000 5.00 Contribution margin 111,000 $ 3.00 Fixed expenses 42,000 Net operating income $ 69,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 15%? 2. What is the revised net operating income if the selling price decreases by $1.40 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 42,000 Net operating income $ 57,000 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 $1.10 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 (36,000 units) $ 216,000 $ 6.00 Variable expenses 108,000 3.00 Contribution margin 108,000 $ 3.00 Fixed expenses 44,000 Net operating income $ 64,000 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 $1.30 per unit and the number...
Miller Company’s 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...
Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (32,000 units) $ 192,000 $ 6.00 Variable expenses 96,000 3.00 Contribution margin 96,000 $ 3.00 Fixed expenses 45,000 Net operating income $ 51,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 13%? 2. What is the revised net operating income if the selling price decreases by $1.20 per unit and the number...
Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (36,000 units) $ 252,000 $ 7.00 Variable expenses 144,000 4.00 Contribution margin 108,000 $ 3.00 Fixed expenses 44,000 Net operating income $ 64,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 11%? 2. What is the revised net operating income if the selling price decreases by $1.40 per unit and the number...