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 49,000 Net operating income $ 47,000 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 $1.50 per unit and the number of units sold increases by 17%? 3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 5%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 6%?

Answer is given below:

Explanation:

Answer-

1Net operating income$63480

2Net operating income$22968

3Net operating income$73336

4Net operating income$41400

Explanation-

Miller Company

Operating income

Particulars                                                                         Amount $

Sales                   (32000 units*1.13)*$6 per unit                        216960

Less:- Variable cost36160 units*$3 per unit                            108480

Contribution                                                                                   108480

Less:- Fixed costs                                                                            45000

Net operating income                                                                  63480

Miller Company

Operating income

Particulars                                                                               Amount $

Sales(32000 units*1.18)*($6 per unit-$1.20 per unit)              181248

Less:- Variable cost37760 units*$3 per unit                          113280

Contribution                                                                                67968

Less:- Fixed costs                                                                       45000

Net operating income                                                                 22968

Miller Company

Operating income

Particulars                                                                         Amount $

Sales(32000 units*94%)*($6 per unit+$1.20 per unit)              216576

Less:- Variable cost28200 units*$3 per unit                      90240

Contribution                                                                               126336

Less:- Fixed costs(45000+8000)                                                53000

Net operating income                                                                 73336

Miller Company

Operating income

Particulars                                                                                Amount $

Sales(32000 units*90%)*($6 per unit*1.10)                          190080

Less:- Variable cost28800 units*($3 per unit*1.20)              103680

Contribution                                                                            86400

Less:- Fixed costs                                                                      45000

Net operating income                                                                 41400

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.