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Variable costs as a percentage of sales for Lumpini are 80%, current sales are $600,000, and fixed costs are $130,000. How much will operating income
Variable costs as a percentage of sales for Lumpini are 80%, current sales are $600,000, and fixed costs are $130,000. How much will operating income change if sales increase by $40,000 ? a) $30,000 increase b) $8,000 increase c) $30,000 decrease d) $8,000 decrease
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