Subject :- Accounting Miller Company's contribution format income statement for the most recent month is shown belowTotal$328,000205,000123,000Per Unit$0.005.00$ 3.0043,000$ 50,000Sales (41,000 units)Variable expensesContribution marginFixed expensesNet operating incomeRequired:(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 $1.50 per unit and the number of units sold increases by17%?3. What is the revised net operating income if the selling price increases by $150 per unit, fixed expenses increase by $5,000, and thenumber of units sold decreases by 6%?4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 20 cents perunit, and the number of units sold decreases by 6%?Answer is complete but not entirely correct.$ 78,000S 57,1651 Net operating income2. Net operating income3 Net operating income4. Net operating incomeS 124,370$ 88,584Return to question

The contribution Margin is calculated as difference between sales and variable cost. The net income…

Miller Company's contribution format income statement for the most recent month is shown below Total $328,000 205,000 Sales (41,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: Consider each case independently) 123,000 43,000 $ 50,000 Per Unit $8.00 5.00 $ 3.00 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 $1.50 per unit and the number of units sold increases by 17%2 3. What is the revised net operating income of the selling price increases by $1.50 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 6%? 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 6%? 1. Net operating income 2. Net operating income 3 Net operating income 4 Net operating income Answer is complete but not entirely correct. 78,000 $ 15 57, 165 5 124,370 $ 0,584 Retu

Miller Company's contribution format income statement for the most recent month is shown below Total $328,000 205,000 Sales (41,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: Consider each case independently) 123,000 43,000 $ 50,000 Per Unit $8.00 5.00 $ 3.00 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 $1.50 per unit and the number of units sold increases by 17%2 3. What is the revised net operating income of the selling price increases by $1.50 per unit, fixed expenses increase by $5,000, and the number of units sold decreases by 6%? 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 6%? 1. Net operating income 2. Net operating income 3 Net operating income 4 Net operating income Answer is complete but not entirely correct. 78,000 $ 15 57, 165 5 124,370 $ 0,584 Retu

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 54E: Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects...

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Starling Co. manufactures one product with a selling price of 18 and variable cost of 12. Starlings total annual fixed costs are 38,400. If operating income last year was 28,800, what was the number of units Starling sold? a. 4,800 b. 6,400 c. 5,600 d. 11,200
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Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects to sell 28,700 units at 32 each. Kallings controller provided the following information for the coming year: Required: 1. Calculate the cost of one unit of product under absorption costing. 2. Calculate the cost of one unit of product under variable costing. 3. Calculate operating income under absorption costing for next year. 4. Calculate operating income under variable costing for next year.
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Break-even sales under present and proposed conditions Kearney Company, operating at full capacity, sold 400,000 units at a price of $246.60 per unit during 20Y5. Its income statement for 20Y5 is as follows: The division of costs between fixed and variable is as follows: Management is considering a plant expansion program that will permit an increase of $8,631,000 (35.000 units at $246.60) in yearly sales. The expansion will increase fixed costs by $3,600,000 but will not affect the relationship between sales and variable costs. Instructions Determine the maximum operating income possible with the expanded plant.