Question
he following information was drawn from the records of Calico CompanyIncome StatementSales Revenue (340 @ $690 per unit)$ 234, 600Cost of Goods Sold: Variable (340
he following information was drawn from the records of Calico CompanyIncome StatementSales Revenue (340 @ $690 per unit)$ 234, 600Cost of Goods Sold: Variable (340 @ $390 per unit ) (132, 600)Fixed(12, 500)Gross Margin89, 500Sales Commissions (340 @ $30)(10, 200)Depreciation(1, 900)Net Income$ 77, 400Based on this information the magnitude of operating leverage is approximately:Note: Round you answer to 2 decimal places.Multiple Choice
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
