The degree of operating leverage is? The July contribution format income statementof Dornell Corporation appears below:SalesVariable expensesFixed expenses612,000338,500Contribution margin 273,500205,500Net operating income 68,000The degree of operating leverage is?

Explanation of Degree of Operating Leverage (DOL):Degree of Operating Leverage (DOL) is a financial…

Answered: The July contribution format income…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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A company’s contribution approach income statement showed net operating incomeof $4,000, and fixed expenses of $10,000. How much contribution margin did thecompany earn?a. $29,000b. $15,000c. $19,000d. $14,000
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Net Income Planning Selected operating data for Venora Company in four independent situations are shown below. Fill in the blanks for each independent situation. A B C D Sales $410,000 $ 129,000 C. $ 530,000 e. $630,000 Variable expense $ 270,000 a. $57,000 $ 159,000 f. $ 378,000 g. Fixed expense $ 10,000 b. $56,000 $240,000 $270,000 Net income (loss) before tax $130,000 $16,000 $131,000 $(18,000) Units sold 7,000 213,000 x d. Unit contribution margin $20 $9 Contribution margin ratio 0.7 40 × h.
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The July contribution format income statement of Dornell Corporation appears below: Sales Variable expenses Fixed expenses 612,000 338,500 Contribution margin 273,500 205,500 Net operating income 68,000 The degree of operating leverage is?