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Lorri's income statement is as follows: Sales* $82,500 Less variable costs (26,400) Contribution margin $56,100 Less fixed costs (13,200) Net income $42,900 * 5,500 units
Lorri's income statement is as follows:
Sales* | $82,500 |
Less variable costs | (26,400) |
Contribution margin | $56,100 |
Less fixed costs | (13,200) |
Net income | $42,900 |
* 5,500 units sold If sales increase by 1,100 units, profits will:
Select one:
a. Increase by $13,200
b. Increase by $8,580
c. Increase by $5,500
d. Increase by $11,220
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