Hupley manufacturing had a 1.60 operating leverage factor when sales were $ 45,000. Hupley Manufacturings contribution margin

Question:

Hupley manufacturing had a 1.60 operating leverage factor when sales were $ 45,000. Hupley Manufacturing’s ratio was 20%. What were the company’s fixed expenses?

Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...