Multiple Choice
Answer the following questions using the information below:
Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed costs.
-If sales increase by $40,000, operating income will increase by:
A) $10,000
B) $20,000
C) $30,000
D) None of these answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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