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Question:9.4 Surdas Corporation's contribution format income statement for July appears below: Sales Variable expenses $260,000 176,000 Contribution margin 84,000 Fixed expenses 71,800 Net operating income $ 12,200 The degree of operating leverage is ?

Question:9.4 Surdas Corporation's contribution format income statement for July appears below: Sales Variable expenses $260,000 176,000 Contribution margin 84,000 Fixed expenses 71,800 Net operating income $ 12,200 The degree of operating leverage is ?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 23MC: If a firm has a contribution margin of $78M90 and a net income of $13,700 for the current month,...
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Question:9.4 Surdas Corporation's contribution format income statement for July appears below: Sales Variable expenses $260,000 176,000 Contribution margin 84,000 Fixed expenses 71,800 Net operating income $ 12,200 The degree of operating leverage is ?
Transcribed Image Text:Question:9.4 Surdas Corporation's contribution format income statement for July appears below: Sales Variable expenses $260,000 176,000 Contribution margin 84,000 Fixed expenses 71,800 Net operating income $ 12,200 The degree of operating leverage is ?
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