Answer the Following Questions Using the Information Below

question 44

Multiple Choice

Answer the following questions using the information below:
Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed costs.
-If sales increase by $40,000, operating income will increase by:

• A)$10,000
• B)$20,000
• C)$30,000
• D)None of these answers are correct.

Understand the characteristics and functions of muscle tissues including differences among the types.

Describe the structure, function, and significance of nervous tissue.

Recognize the basic principles of cancer originating in different tissues.

Understand the role of integumentary and serous membranes in protecting and covering the body and organs.

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Definitions:

Net Operating Income

A company's revenue minus its operational direct and indirect costs, excluding taxes and interest.

Net Operating Income

Earnings from a company's regular activities before taxes and interest, used to gauge the company's operational efficiency.

Absorption Costing

Absorption costing is an accounting method that includes both variable and fixed manufacturing costs in the cost of a product.

Net Operating Income

A financial metric that calculates the profit generated from a company's operations, excluding taxes and interest.