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Answer the following questions using the information below: Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were

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Answer the following questions using the information below: Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed costs. 1) If sales increase by $40,000, operating income will increase by 1) A) $10,000 C) $30,000 B) $20,000 D) None of these answers are correct

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