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A construction + mpany prepared its attainable budget for 2020. COST STRUCTURE ATTAINABLE BUDGET EARNINGS 8,000,000 7,253,600 VARIABLE COSTS 90.67 538,000 FIXED COSTS NET PROFIT

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A construction + mpany prepared its attainable budget for 2020. COST STRUCTURE ATTAINABLE BUDGET EARNINGS 8,000,000 7,253,600 VARIABLE COSTS 90.67 538,000 FIXED COSTS NET PROFIT (BEFORE TAXES) MARGINAL RATIO 208,400 9.33 1. If the company decreases price by 3%, what earnings are required to yield the profit goal of $256,667? What is the percentage change in work quantity? (2 points) 2. If the company increases price by 3%, what earnings are required to yield the profit goal of $256,667? What is the average change in work quantity? (2 points)

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