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Omega Company has sales of $310,000 and cost of goods sold of $205,000. The cost of goods sold is a variable cost. The Company
Omega Company has sales of $310,000 and cost of goods sold of $205,000. The cost of goods sold is a variable cost. The Company incurred $21,000 of fixed operating expenses and $41,000 of variable operating expenses. Based on this information a(n) 11% increase in revenue will produce a Multiple Choice 12.2 % change in net income. 21.5 % change in net income. 16.0 % change in net income. 10.8 % change in net income.
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