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A cement manufacturer has supplied the following data: Tons of cement produced and sold 220000 Sales revenue $924000 Variable manufacturing expense $297000 Fixed manufacturing expense
A cement manufacturer has supplied the following data:
| Tons of cement produced and sold | 220000 |
| Sales revenue | $924000 |
| Variable manufacturing expense | $297000 |
| Fixed manufacturing expense | $285498 |
| Variable selling and administrative expense | $165000 |
| Fixed selling and administrative expense | $81917 |
If the company increases its unit sales volume by 5% without increasing its fixed expenses, what would operating income be closest to
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