Answered step by step
Verified Expert Solution
Question
1 Approved Answer
8. everaged m Use the following information for questions 8 and 9. LSB Company has the following income statement: Revenues $100,000 Variable Costs 40,000 120,000
8. everaged m Use the following information for questions 8 and 9. LSB Company has the following income statement: Revenues $100,000 Variable Costs 40,000 120,000 48,000 Contribution Margin 60,000 72,000 Fixed Costs 30,000 30000 Operating Income 30,000 42,000 What is LSB's Degree of operating leverage (DOL)? 3.33 2.00 C. 0.50 d. 1.00 If LSB's sales increase by $20,000, what will be the company's operating profit? 9. a d. b. $42,000 $12,000 $50,000 $30,000 100,000120% 40,000 X120 120,000 - 48,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started