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Variable costs as a percentage of sales for Lemon Inc. are 68%, current sales are $524,000. and fixed costs are $193,000. How much will incon from operations change if sales increase by $41,600? Oa. $13,312 increase Ob. $13,312 decrease Oc. $28,288 decrease Od. $28,288 increase

Variable costs as a percentage of sales for Lemon Inc. are 68%, current sales are $524,000. and fixed costs are $193,000. How much will incon from operations change if sales increase by $41,600? Oa. $13,312 increase Ob. $13,312 decrease Oc. $28,288 decrease Od. $28,288 increase

FINANCIAL ACCOUNTING
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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Variable costs as a percentage of sales for Lemon Inc. are 68%, current sales are $524,000. and fixed costs are $193,000. How much will income from operations change if sales increase by $41,600? Oa. $13,312 increase Ob. $13,312 decrease Oe. $28,288 decrease Od. $28,288 increase
Transcribed Image Text:Variable costs as a percentage of sales for Lemon Inc. are 68%, current sales are $524,000. and fixed costs are $193,000. How much will income from operations change if sales increase by $41,600? Oa. $13,312 increase Ob. $13,312 decrease Oe. $28,288 decrease Od. $28,288 increase
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