Wayne Corp. sells 10,000 units for a price of $42 per unit. Wayne has unit variable costs of $11 per unit, and total fixed costs of $193,000. If sales increase 18%, by how much will profits increase for Wayne? Multiple Choice 74.19% 18.00% 47.69% 26.50%

Wayne Corp. sells 10,000 units for a price of $42 per unit. Wayne has unit variable costs of $11 per unit, and total fixed costs of $193,000. If sales increase 18%, by how much will profits increase for Wayne? Multiple Choice 74.19% 18.00% 47.69% 26.50%

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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Question

Wayne Corp. sells 10,000 units for a price of $42 per unit. Wayne has unit variable costs of $11 per unit, and total fixed costs of $193,000.

If sales increase 18%, by how much will profits increase for Wayne?

Multiple Choice

74.19%
18.00%
47.69%
26.50%

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