Question
Kiki Assembly is a manufacturer of bicycles. The companys contribution style income statement for 20x5 is given below: Sales (1329 units) $ 519092 Variable Costs
Kiki Assembly is a manufacturer of bicycles. The companys contribution style income statement for 20x5 is given below:
| Sales (1329 units) | $ 519092 |
| Variable Costs | 289538 |
| Contribution Margin | $ 229554 |
| Fixed Costs | 134661 |
| Operating Income | $ 94893 |
| Income Tax Expense (20%) | 18978.6 |
| Net Income | $ 75914.4 |
What is Kikis degree of operating leverage?
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Auditing And Assurance Services An Integrated Approach
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley
11th Edition
0131867121, 978-0131867123
