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A company wants to evaluate the effects of a reduction in material cost of 2%...

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Accounting

A company wants to evaluate the effects of a reduction in material cost of 2% and an increase in sales of 17% on a product with the following current characteristics: labor costs of $1300000, material costs of $5600000, overhead of $720000, and sales of $9000000.
What are the effects on net income with a 2% reduction in material costs? What is the effect with a 17% increase in sales?
Part 2
The change in net income due to the reduction in material costs is $
enter your response here. (Enter your response as a whole number.)
Part 3
The change in net income after the 17% increase in sales is $
enter your response here. (Enter your response as a whole number.)

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