Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 13, 2024

Variable costs as a percentage of sales for Lemon Inc. are 78%, current sales are $680,000. and fixed costs are $196,000. How much will operating

Variable costs as a percentage of sales for Lemon Inc. are 78%, current sales are $680,000. and fixed costs are $196,000. How much will operating income change if sales increase by $41,200?

a.$9,064 decrease

b.$32,136 decrease

c.$32,136 increase

d.$9,064 increase

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

Recommended Textbook for

Harold Cecil Edey A Collection Of Unpublished Material From A 20th Century Accounting Reformer

Authors: Martin E. Persson

1st Edition

1789736706, 9781789736700

More Books

Students also viewed these Accounting questions

Question

★★★★★

The following data pertain to last month's operations: Selling price....................................................................$30 per unit Variable production...

Answered: 1 week ago

Question

★★★★★

To manufacture a new product, a company must immediately invest $275,000 in new equipment. At the end of Years 3 and 5, there will have to be a major overhaul of the equipment at a cost of $40,000 on...

Answered: 1 week ago

Question

★★★★★

In each of the following scenarios determine whether or not a testing error was made, and if a testing error was made determine which type of error was made. (a) ????0 was rejected and ????0 is...

Answered: 1 week ago

Question

★★★★★

The average age of engineering students at graduation is a little over 23 years. This means that the working career of most engineers is almost exactly 500 months. How much would an engineer need to...

Answered: 1 week ago

Question

★★★★★

With the urgency of trying to get so many individuals vaccinated against the Covid-19 virus, it is important to be able to offer clinics in places where most individuals can and want to be able to...

Answered: 1 week ago

Question

★★★★★

Aio Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxie model, is a color...

Answered: 1 week ago

Question

★★★★★

Endogenous Growth Model (20 points) Consider an economy with a total population of 100. Each individual in this economy accumulates human capital. Each period, a person has one unit of time to split...

Answered: 1 week ago

Question

★★★★★

Towards the end of the course, we discussed some of the details underlying Classical and Keynesian economics, a seemingly endless debate within the economics profession. In this, we are focusing on...

Answered: 1 week ago

Question

★★★★★

1. An individual has $4,000 to invest and three opportunities are available to him. Each opportunity requires deposits in $1,000 amounts; the investor may allocate a;; the money to just one...

Answered: 1 week ago

Question

★★★★★

The Loquat Corporation has book net income of $170,200 for the current year. Included in this figure are the following items, which are reported on the corporation's Schedule M-1, Reconciliation of...

Answered: 1 week ago

Question

★★★★★

Use the balance sheet and income statement below. VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars). Current assets: Assets Cash and...

Answered: 1 week ago

Question

★★★★★

Define self-esteem and discuss its impact on your life.

Answered: 1 week ago

Question

★★★★★

Discuss how selfesteem is developed.

Answered: 1 week ago

Question

★★★★★

Identify the characteristics of people with low and high selfesteem.

Answered: 1 week ago

Previous Question Next Question