Philip Inc. has provided the following sales and cost data: Sales and Costs Data Sales and Costs Amount Sales per unit $80 Variable cost per unit $30 Total Fixed costs $280,000 Units sold 12,000 By how much will operating income change if sales increase by 7,200 units? Group of answer choices $400,000 increase $576,000 increase $360,000 decrease $360,000 increase

Philip Inc. has provided the following sales and cost data: Sales and Costs Data Sales and Costs Amount Sales per unit $80 Variable cost per unit $30 Total Fixed costs $280,000 Units sold 12,000 By how much will operating income change if sales increase by 7,200 units? Group of answer choices $400,000 increase $576,000 increase $360,000 decrease $360,000 increase

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sales and Costs	Amount
Sales per unit	$80
Variable cost per unit	$30
Total Fixed costs	$280,000
Units sold	12,000

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