Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (38,000 units) $ 380,000 $ 10.00 Variable expenses 266,000 7.00 Contribution margin 114,000 $ 3.00 Fixed expenses 42,000 Net operating income $ 72,000 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 $1.50 per unit and the number of units sold increases by 25%? 3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $8,000, 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 10%, variable expenses increase by 40 cents per unit, and the number of units sold decreases by 7%?

1) Revised net operating income if unit sales increase by 14% is $87960.

2) Revised net operating income if the selling price decreases by $1.50 per unit and the number of units sold increases by 25% are $29250.

3) The revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $8,000, and the number of units sold decreased by 5% are $112450.

4) The revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 40 cents per unit, and the number of units sold decreased by 7% is $85224.

Explanation:

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.