Question
Variable costs as a percentage of sales for Lemon Inc. are 79%, current sales are $591.000, and faced costs are $178,000. How much will operating
Variable costs as a percentage of sales for Lemon Inc. are 79%, current sales are $591.000, and faced costs are $178,000. How much will operating income change if sales increase by $36,6007
a. 7.606 decrease
b. 914 decree
c. 20914 Increase
d. 746 increase
Step by Step Solution
3.55 Rating (162 Votes )
There are 3 Steps involved in it
Step: 1
Answer d 746 increase Show your working step by step Operating income ...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 StartedRecommended Textbook for
Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App