Variable costs as a percentage of sales for Lemon Inc. are 66%, current sales are $534,000, and fixed costs are $188,000. How much will operating income change if sales increase by $49,900? a. $32,934 decrease b. $16,966 decrease c. $32,934 increase d. $16,966 increase

Variable costs as a percentage of sales for Lemon Inc. are 66%, current sales are $534,000, and fixed costs are $188,000. How much will operating income change if sales increase by $49,900? a. $32,934 decrease b. $16,966 decrease c. $32,934 increase d. $16,966 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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