Question
Variable costs as a percentage of sales for Lemon Inc. are 66%, current sales are $504,000, and fixed costs are $185,000. How much will operating
Variable costs as a percentage of sales for Lemon Inc. are 66%, current sales are $504,000, and fixed costs are $185,000. How much will operating income change if sales increase by $38,200?
a.$12,988 decrease
b.$12,988 increase
c.$25,212 increase
d.$25,212 decrease
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Accounting Information And Equity Valuation Theory, Evidence, And Applications
Authors: Guochang Zhang
1st Edition
1461481597, 9781461481591
