The July contribution format income statement of Doxtater Corporation appears below: Sales $ 564,400 Variable expenses 312,800 Contribution margin 251,600 Fixed expenses 193,800 Net operating income $ 57,800 The degree of operating leverage is closest to: Multiple Choice 0.23 4.35 0.10 9.76

The July contribution format income statement of Doxtater Corporation appears below: Sales $ 564,400 Variable expenses 312,800 Contribution margin 251,600 Fixed expenses 193,800 Net operating income $ 57,800 The degree of operating leverage is closest to: Multiple Choice 0.23 4.35 0.10 9.76

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

100%

The July contribution format income statement of Doxtater Corporation appears below:
Sales
$ 564,400
Variable expenses
312,800
Contribution margin
251,600
Fixed expenses
193,800
Net operating income
$ 57,800
The degree of operating leverage is closest to:
Multiple Choice
0.23
4.35
0.10
9.76

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