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What will be the company operating profit

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Reference no: EM132738668

LSB Company has the following income statement:

Revenues $100,000

Variable Costs 40,000

Contribution Margin 60,000

Fixed Costs 30,000

Operating Income 30,000

Problem 1: What is LSB's DOL?

a. 3.33

b. 2.00

c. 0.50

d. 1.00

Problem 2: If LSB's sales increase by $20,000, what will be the company's operating profit?

a. $42,000

b. $12,000

c. $50,000

d. $30,000

Reference no: EM132738668

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