A manufacturer of premium wire strippers has supplied the following data: Units produced and sold 580,000...
A manufacturer of premium wire strippers has supplied the following data:
|
Units produced and sold |
580,000 |
|
|
Sales revenue |
$ |
4,176,000 |
|
Variable manufacturing expense |
$ |
2,871,000 |
|
Fixed manufacturing expense |
$ |
778,000 |
|
Variable selling and administrative expense |
$ |
348,000 |
|
Fixed selling and administrative expense |
$ |
104,000 |
|
Net operating income |
$ |
75,000 |
The company's degree of operating leverage is closest to:
Group of answer choices
55.68
3.65
7.73
12.76
Homework Answers
Contribution margin = Sales revenue - Variable costs
= 4,176,000 - (2,871,000+348,000)
= 957,000
Degree of operating leverage = Contribution margin /Net operating income
= 957,000/75,000
= 12.76
Add Answer to:
A manufacturer of premium wire strippers has supplied the
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