a. If the price for bead packages doubles, LearnCo will break even (I.e., the company will have zero income before income tax). b. LearnCo will have a loss before income tax if the price for bead packages doubles. c. LearnCo will still have positive income before income tax if the price for bead packages doubles. 3. LearnCo is aware that its labor prices for the Gluing part of the manufacturing process may increase to $15.00 per hour due to changes in minimum wage laws in its state. If this occurs, what will be the effect on LearnCo's income before income tax? a. LearnCo will still have positive income before income tax if Gluing labor costs increase to $15.00 per hour. b. If Gluing labor costs increase to $15.00 per hour, LearnCo will break even (i.e., the company will have zero income before income tax). c. LearnCo will have a loss before income tax if Gluing labor costs increase to $15.00 per hour. a 4. LearnCo's controller believes that the company can decrease its selling expenses by 10% and its administrative expenses by 15%. How much would income before income tax increase if these expense cuts are implemented? Round your answer to the nearest dollar. Feedback Check My WorkLearnCo Budgeted Income Statement For the Year Ending December 31, 20Y2 Revenue from sales 1; 720,000 9/ Cost of goods sold 396,263 V/ Gross prot $ 323,737 \\/ Selling and administrative expenses: Selling expenses 1 65,400 J Administrative expenses 154,000 J Total selling and administrative expenses 219,400 V. Operatingincome $ 104,337 J Other revenue and expense: Interest revenue V Income before income tax $ 104,837 V/ Income tax Interest expense Net income Feedback