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Dippin Cookie Corporation had the following income statement for 2020: Sales $25,000 Less variable costs (15,000) Contribution margin $10,000 Less fixed costs (8,000) Net income
Dippin Cookie Corporation had the following income statement for 2020:
| Sales | $25,000 |
| Less variable costs | (15,000) |
| Contribution margin | $10,000 |
| Less fixed costs | (8,000) |
| Net income | $ 2,000 |
Dippin Cookies 2020 operating leverage is:
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Advanced Management Accounting
Authors: Tom Groot, Frank Selto
1st Edition
0273730185, 978-0273730187
