Question
The following is a variable costing income statement: Sales $750,000 Variable manufacturing costs $200,000 Variable selling/admin. costs $150,000 Contribution margin $400,000 Fixed manufacturing overhead $
The following is a variable costing income statement:
Sales $750,000
Variable manufacturing costs $200,000
Variable selling/admin. costs $150,000
Contribution margin $400,000
Fixed manufacturing overhead $ 50,000
Fixed selling/admin expense $ 75,000
Operating income $275,000
Determine the increase in operating income when sales increase by 8%.
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
3rd Edition
0730364577, 978-0730364573
