35. The following is a partial income statement for Duncan Corporation for 2008: Duncan Corporation Projected Income Statement For the Year Ended December 31, 2008 Sales revenue (750 units at $20) Manufacturing cost of goods sold: Direct materials used Direct labor Variable manufacturing overhead Fixed manufacturing overhead Gross margin Selling expenses: Variable costs Fixed costs Administrative expenses: Variable costs Fixed costs Total selling and administrative expenses Operating income $2,250 2,100 2,650 750 C. $2,400 d. $6,080 $1,100 950 900 620 $15,000 7,750 $ 7,250 3,570 $ 3,680 What will be Duncan Corporation's operating income if sales volume increases by 40 percent? a. $6,800 b. $7,280 SAMIC operating income
35. The following is a partial income statement for Duncan Corporation for 2008: Duncan Corporation Projected Income Statement For the Year Ended December 31, 2008 Sales revenue (750 units at $20) Manufacturing cost of goods sold: Direct materials used Direct labor Variable manufacturing overhead Fixed manufacturing overhead Gross margin Selling expenses: Variable costs Fixed costs Administrative expenses: Variable costs Fixed costs Total selling and administrative expenses Operating income $2,250 2,100 2,650 750 C. $2,400 d. $6,080 $1,100 950 900 620 $15,000 7,750 $ 7,250 3,570 $ 3,680 What will be Duncan Corporation's operating income if sales volume increases by 40 percent? a. $6,800 b. $7,280 SAMIC operating income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:d. None of these are correct
35. The following is a partial income statement for Duncan Corporation for 2008:
Sales revenue (750 units at $20)
Duncan Corporation
Projected Income Statement
For the Year Ended December 31, 2008
Manufacturing cost of goods sold:
Direct materials used
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Gross margin
Selling expenses:
Variable costs
Fixed costs
Administrative expenses:
Variable costs
Fixed costs
Total selling and administrative expenses
Operating income
$2,250
2,100
2,650
750
10
$1,100
950
900
620
$15,000
=
7,750
$ 7,250
What will be Duncan Corporation's operating income if sales volume increases by 40 percent?
a. $6,800
b. $7,280
operating mcame
C.
$2,400
d. $6,080
3,570
$3,680
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