Norton company reports the following operating results for, Ask an Expert

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Norton Company reports the following operating results for the month of August: sales $ 310,000 : variable costs $210,000; and fixed costs $75,000. Managment is considering the following independent course of action to increase net income.

1. Increase selling price by 10% with no change in total variable costs or sales volume.

2. Reduce variable costs to 58% of sales.

3.Reduce fixed costs by $20,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9968478

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