Sales 1,703,000 Variable Expenses 439,000 Contribution Margin 1,264,000 Fixed Expenses 1,129,400 Net Operating Income 134,600 The degree of operating leverage is closest to: A) 0.11 B) 0.29 C) 3.46 D) 9.40
Sales 1,703,000 Variable Expenses 439,000 Contribution Margin 1,264,000 Fixed Expenses 1,129,400 Net Operating Income 134,600 The degree of operating leverage is closest to: A) 0.11 B) 0.29 C) 3.46 D) 9.40
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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rmn.3

Transcribed Image Text:Marchman Corporation has provided its contribution format income statement for April.
Sales 1,703,000
Variable Expenses 439,000
Contribution Margin 1,264,000
Fixed Expenses 1,129,400
Net Operating Income 134,600
The degree of operating leverage is closest to:
A) 0.11
B) 0.29
C) 3.46
D) 9.40
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