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Problem 1: Assume that Lindsay increases the selling price of Product A by 10 percent in July. How many units of Product A would have to be sold in July to generate an operating income of $20,000?
Lindsay Company reported the following results from sales of 5,000 units of Product A for June
Sales 200,000Variable costs (120,000)Fixed costs (60,000)Operating income 20,000
a 4,000b. 4,300c 4,500d 5,000
During June the company incurred the following actual costs to produce 8,500 units. Compute the direct materials price and quantity variances
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