Question
6) Goff Corporation's contribution format income statement for the most recent month follows: Sales $ 606,000 Variable expenses 236,500 Contribution margin 369,500 Fixed expenses 241,700
6) Goff Corporation's contribution format income statement for the most recent month follows:
|
|
|
|
| Sales | $ | 606,000 |
| Variable expenses |
| 236,500 |
| Contribution margin |
| 369,500 |
| Fixed expenses |
| 241,700 |
| Net operating income | $ | 127,800 |
Required:
- Compute the degree of operating leverage to two decimal places.
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
