Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on the following operating data, the operating leverage is (Round your answer to 2 decimal places) : Sales $ 1,150,000 Variable costs 394,000 Contribution

Based on the following operating data, the operating leverage is (Round your answer to 2 decimal places):

Sales $ 1,150,000
Variable costs 394,000
Contribution margin 756,000
Fixed costs 151,000
Income from operations $ 605,000

Multiple Choice

  • 1.52

  • 0.52

  • 1.90

  • 1.25

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Measuring Monitoring And Motivating Performance

Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook

2nd Canadian Edition

1118168879, 9781118168875

More Books

Students also viewed these Accounting questions