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SWFT Comprehensive Vol 2020

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter22: S Corporations

Section: Chapter Questions

Problem 16CE

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Question

Serfass corporation's contribution format income statement for July appears below:

Serfass 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 closest to:
A) 0.05
B) 0.15
C) 21.31
D) 6.89

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