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Omega Company has sales of $320,000 and cost of goods sold of $210,000. The cost of goods sold is a variable cost. The Company
Omega Company has sales of $320,000 and cost of goods sold of $210,000. The cost of goods sold is a variable cost. The Company incurred $22,000 of fixed operating expenses and $42,000 of variable operating expenses. Based on this information a(n) 12% increase in revenue will produce a Multiple Choice 23.0 % change in net income. 11.5 % change in net income. 17.0 % change in net income. 13.0 % change in net income.
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