Hupley Manufacturing had a $1\mathrm{.}20$ operating leverage factor when sales were $ $50$ comma $000.$ The$$ company's contribution margin ratio was $30\%.$ What were the$$ company's fixed$$ expenses?$$

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Part $1$

Begin by identifying the formula to compute the operating income with the available data.

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$=$

Operating incomeHupley Manufacturing had a $1\mathrm{.}20$ operating leverage factor when sales were $$50,000.$ The company's contribution margin ratio was $30\%.$ What were the company's fixed expenses?

Begin by identifying the formula to compute the operating income with the available data.

$=$ Operating income