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Jetco Corporation produces and sells a single product. Data for that product are: Sales price per unit Variable cost per unit Fixed expenses for the

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Jetco Corporation produces and sells a single product. Data for that product are: Sales price per unit Variable cost per unit Fixed expenses for the month Currently selling $500 $350 $1,000,000 5,000 units Management is discussing increasing the price to 5530 to cover an increase in fixed expenses of $85,000. Management believes they might lose 2% of sales per month. What should be the overall effect on the company's monthly operating income if this change is implemented? O Decrease of $47,000 O Increase of $85,000 O Decrease of $85,000 O Increase of $47,000

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