Question
A manufacturer of premium wire strippers has supplied the following data: Units produced and sold 580,000 Sales revenue $ 4,176,000 Variable manufacturing expense $ 2,871,000
A manufacturer of premium wire strippers has supplied the following data:
|
|
|
|
| Units produced and sold |
| 580,000 |
| Sales revenue | $ | 4,176,000 |
| Variable manufacturing expense | $ | 2,871,000 |
| Fixed manufacturing expense | $ | 778,000 |
| Variable selling and administrative expense | $ | 348,000 |
| Fixed selling and administrative expense | $ | 104,000 |
| Net operating income | $ | 75,000 |
The company's degree of operating leverage is closest to:
Group of answer choices
55.68
3.65
7.73
12.76
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
THIRD PARTY RISK MANAGEMENT An Essential Guide To Best Practices Including Common Interview Questions And Their Expert Answers
Authors: Akingbade Akinfenwa
1st Edition
1649537417, 978-1649537416
