At its present level of operations, a small manufacturing firm has total variable costs equal to 65%
Question:
At its present level of operations, a small manufacturing firm has total variable costs equal to 65% of sales and total fixed costs equal to 20% of sales. If sales change by $1.00, operating income will change by
a. $0.15
b. $0.35
c. $0.65
d. An answer can't be determined from this information.
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