Crowder's Quilts Income Statement For 2005 Sales Revenue (250 @ $600 per unit) Cost of Goods Sold: Variable (250 @ $300 per unit) Fixed Gross Margin Sales Commissions (250 @ $20) Depreciation Net Income $150,000 (75,000) ( 8,000 67,000 ( 5,000) ( 1,000) $ 61.000 17. Food The magnitude of Crowder's operating leverage is approximately (round to nearest hundredth): 1.09. 1.15. 0.87 1.22