Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Variable costs as a percentage of sales for Lemon Inc. are 70%, current sales are $579,000, and fixed costs are $194,000. How much will operating
Variable costs as a percentage of sales for Lemon Inc. are 70%, current sales are $579,000, and fixed costs are $194,000. How much will operating income change if sales increase by $49,000? Oa. $14,700 decrease Ob. $34,300 increase Oc. $14,700 increase Od. $34,300 decrease
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started