Below is the contribution margin income statement for a company's first year of operation. Next year, they anticipate sales volume to increase by 5%. What will be the net change in operating income?
Revenue | $600,000 |
Variable Cost | 410,000 |
Contribution Margin | 190,000 |
Fixed Cost | 175,000 |
Operating Income | 15,000 |
5% increase |
||
300% increase |
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No change |
||
63% increase |
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