on 34 A manufacturer of cedar shingles has supplied the following data: ed Sut of 10 question Bundles of cedar shakes produced and sold... Sales revenue ... Variable manufacturing expense............. Fixed manufacturing expense... Variable selling and administrative expense.. Fixed selling and administrative expense Net operating income. * 260,000 $2,106,000 $975,000 $486,000 $260,000 $274,000 S111,000 ***** The company's degree of operating leverage is closest to: Select one: O a. 7.85 O b. 1.63 O c. 2.34 O d. 18.97