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What is the amount of change in net income

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A company that manufactures monitors has fixed costs of $84,000 per annum. The variable costs are 28% of sales and the profit is $64,500. When the selling price was reduced by 10%, the sales volume increased by 30%.

Problem a. What are the new variable costs? Round to the nearest cent

Problem b. What is the amount of change in net income? Round to the nearest cent. Use a negative sign to represent a loss

Reference no: EM132784630

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