Question
Mary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue $77,400 Cost of goods sold
Mary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows:
Sales revenue $77,400
Cost of goods sold (all variable) 24,600
Gross margin 52,800
Selling expenses (20% variable) 7,100
Administrative expenses (60% variable) 13,300
Operating income $32,400
If Mary can increase sales by 11%, by how much will her operating income increase?
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Core Concepts Of Accounting
Authors: Leslie K. Breitner, Robert N. Anthony
10th Edition
0136029442, 9780136029441
