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Following is the income statement for Monet Mufflers for the month of June 2024: (Click the icon to view the contribution margin income statement.)
Following is the income statement for Monet Mufflers for the month of June 2024: (Click the icon to view the contribution margin income statement.) Read the requirements. Requirement 1. Calculate the degree of operating leverage. (Round to four decimal places.) Select the labels and enter the amounts to calculate the degree of operating leverage for Monet Mufflers. = Degree of operating leverage Data table Monet Mufflers Contribution Margin Income Statement Month Ended June 30, 2024 Net Sales Revenue (240 units * $300 per unit) Variable Costs (240 units * $125 per unit) Contribution Margin Fixed Costs Operating Income Print Done - $ 72,000 30,000 42,000 8,500 $ 33,500
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