Reference no: EM133023926
Question - Everest Company produced and sold only one product called Kiwi. The following information for the most recent fiscal year is available:
Sales Revenue $1,350,000
Variable manufacutring costs $585,000
Fixed manufacutring costs $258,000
Variable selling costs $40,500
Fixed selling costs $54,000
Variable administrative costs $184,500
Fixed administrative costs $108,000
The budgeted revenue for the next year is higher by 12.00% compared to last year.
Required - What is the percentage increase in income for next year compared to this year?
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