Question Content Area Variable costs as a percentage of sales for Lemon Inc....

50.1K

Verified Solution

Question

Accounting

  1. Question Content Area

    Variable costs as a percentage of sales for Lemon Inc. are 61%, current sales are $617,000, and fixed costs are $199,000. How much will operating income change if sales increase by $35,900?

    a.$21,899 increase

    b.$21,899 decrease

    c.$14,001 increase

    d.$14,001 decrease

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students