Serfass Corporation's contribution format income statement for July appears below: Sales $ 425,500 Variable expenses 234,025...
Serfass Corporation's contribution format income statement for July appears below:
| Sales | $ | 425,500 |
| Variable expenses | 234,025 | |
| Contribution margin | 191,475 | |
| Fixed expenses | 59,360 | |
| Net operating income | $ | 132,115 |
The degree of operating leverage is closest to:
Multiple Choice
-
0.31
-
1.45
-
0.69
-
2.22
Homework Answers
Answer
1.45
Calculations:
Degree of operating leverage = Contribution / Net operating income
Degree of operating leverage = 191,475/ 191,475
Degree of operating leverage = 1.45
In case of any doubt, please comment.
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Serfass Corporation's contribution format income statement for
July appears below:
Sales
$
425,500
Variable expenses
234,025...
Serfass Corporation's contribution format income statement for July appears below. Sales Variable expenses Contribution margin Fixed...
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