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The September contribution format income statement of Phoenix Industries appears below: • Sales: $920,000 • Variable expenses: $552,000 • . Contribution margin: $368,000 Fixed expenses: $248,000 ⚫ Net operating income: $120,000 The degree of operating leverage is?

The September contribution format income statement of Phoenix Industries appears below: • Sales: $920,000 • Variable expenses: $552,000 • . Contribution margin: $368,000 Fixed expenses: $248,000 ⚫ Net operating income: $120,000 The degree of operating leverage is?

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...
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The September contribution format income statement of Phoenix Industries appears below: • Sales: $920,000 • Variable expenses: $552,000 • . Contribution margin: $368,000 Fixed expenses: $248,000 ⚫ Net operating income: $120,000 The degree of operating leverage is?
Transcribed Image Text:The September contribution format income statement of Phoenix Industries appears below: • Sales: $920,000 • Variable expenses: $552,000 • . Contribution margin: $368,000 Fixed expenses: $248,000 ⚫ Net operating income: $120,000 The degree of operating leverage is?
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