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Below is information from Orange Company's most recent income statement. Sales $ 500,000 Variable Expenses $ 300,000 Contribution Margin $ 200,000 Annual fixed expenses are
Below is information from Orange Company's most recent income statement. Sales $ 500,000 Variable Expenses $ 300,000 Contribution Margin $ 200,000 Annual fixed expenses are $70,000 and Orange sold 20,000 units. If, in the current period, fixed expenses are expected to decrease by $10,000 and unit sales increase by 10%, the change in net operating income will be: $10,000 increase $ 8,000 increase $30,000 increase O O $10,000 decrease
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