LSB Company has the following income statement: revenues $100,000 Variable costs 40,000 Contribution 60.000 Fixed costs 30,000

Fantastic news! We've Found the answer you've been seeking!

Question:

LSB Company has the following income statement:

revenues $100,000

Variable costs 40,000

Contribution 60.000

Fixed costs 30,000

Operating Income 30,000

What would be the company's operating profit if LSB's sales increased by $20,000?

Related Book For answer-question

Managerial Accounting

ISBN: 9781260247787

17th Edition

Authors: Ray Garrison, Eric Noreen, Peter Brewer

See More Books

Posted Date: May 16, 2023 06:10 AM

See More Questions

We have looked at the breakeven calculations for a single-product firm. However, most firms make more than one product - or service. Conceptually, multiple-product breakeven is the same as single...
Study the information given below and answer the following questions: (25 Marks) 1.1 Calculate the Payback Period of both machines (answers expressed in years, months and days). (5 marks) 1.2 Which...
The company that you work for as a managerial accountant uses independent agents to sell its products. These agents are currently being paid a commission of 15% of the sales price but are asking for...
The operations manager of a company that produces frozen dinners had received numerous complaints from supermarkets about the companys Chick-n-Gravy dinners. The manager spilled/mixed items,...
(a) In Problem 1, what is the speed of the book when it reaches the hands? (b) If we substituted a second book with twice the mass, what would its speed be? (c) If, instead, the book were thrown...
At the Diabetes Institute, patients are classified as compliant (they take their medication as they should) or not (they don't). A new program manager has a new idea: Have some patients continuously...
Recall, venue is the geographic district where a case can properly be heard. Find the venue for the California state court where your paralegal school or residence is located.
A clothier makes coats and slacks. The two resources required are wool cloth and labor. The clothier has 150 square yards of wool and 200 hours of labor available. Each coat requires 3 square yards...
Project K requires an initial outlay at t=0 of S85,000. its expected cash inflows are $42,000 for three years, and its WACC is 896. What is the MIRR (modified internal rate of return) for this...
The shaft is supported by a smooth thrust bearing at B and a journal bearing at C. Determine the resultant internal loadings acting on the cross section at E. - 4 ft 4 ft +4 ft- 4 ft- 400 lb 800 lb
By June 2015, Greece has government debt over 180 percent of its GDP. Part of the borrowing by Greek government was through currency swaps. Explain why the following swap resulted in a net borrowing...
Why isnt the model widely used by managers at actual companies?
You are the financial analyst for a tennis racket manufacturer. The company is considering using a graphite-like material in its tennis rackets. The company has estimated the information in the...
Indicate whether each of the following statements is true or false by writing T or F i n t he a nswer c olumn. Spam is illegal in the United States.
Explain the following statement: The stand-alone risk of an individual corporate project may be quite high, but viewed in the context of its effect on stockholders risk, the projects true risk may be...
What are the two major types of tests that have been performed to test the validity of the CAPM? (beta stability; slope of the SML) Explain their results.
A convenience sample was drawn from the UAE population to assess salary differences among residents. The following variables were measured: 1) Salary (monthly salary in AED) 2) University degree...
What is the difference between the straight-line method of depreciation and the written down value method? Which method is more appropriate for reporting earnings?
What does sub optimization mean?
Baird Company makes classic Polish sausage. The company uses a standard cost system to help control costs. Manufacturing overhead is applied to production on the basis of standard direct labor-hours....
Woodbury Hospital has three service departments and three operating departments. Estimated cost and operating data for all departments in the hospital for the forthcoming quarter are presented in the...
For flow over a smooth plate, what approximately is the maximum length of the laminar boundary layer if $V_{o}=9.0 \mathrm{~m} / \mathrm{s}$ in the irrotational uniform flow and the fluid is air?...
A student is to design an experiment involving dragging a sphere through a tank of fluid to illustrate (a) "creeping flow" $\left(R e_{D} <1 ight)$ (b) flow for which the boundary layer becomes...
We have seen many examples in Chapter 7 of replacing working fluids in order to more easily achieve similitude between models and prototypes. Describe the effects of testing an air compressor using...

LSB Company has the following income statement: revenues $100,000 Variable costs 40,000 Contribution 60.000 Fixed costs 30,000

Question:

Expert Answer:

To determine the operating profit if LSB Companys sales increased by ... View the full answer

Managerial Accounting

Students also viewed these accounting questions