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Lorri's income statement is as follows: Sales (5,000 units) $75,000 Less variable costs - 24,000 Contribution margin $51,000 Less fixed costs - 12,000 Net income
Lorri's income statement is as follows:
Sales (5,000 units) $75,000 Less variable costs - 24,000 Contribution margin $51,000 Less fixed costs - 12,000 Net income $ 39,000
If sales increase by 1,000 units, profits will:
Select one:
A. Increase by $5,000
B. Increase by $12,000
C. Increase by $2,400
D. Increase by $10,200
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