Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Variable costs as a percentage of sales for Lemon Inc. are 69%, current sales are $581,000, and fixed costs are $182,000. How much will operating

Variable costs as a percentage of sales for Lemon Inc. are 69%, current sales are $581,000, and fixed costs are $182,000. How much will operating income change if sales increase by $48,400?

a.$33,396 decrease b.$15,004 increase c.$15,004 decrease d.$33,396 increase

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Financial Modeling

Authors: Simon Benninga

3rd Edition

0262026287, 9780262026284

More Books

Students also viewed these Accounting questions

Question

5. Explain the supervisors role in safety.

Answered: 1 week ago