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Operating Leverage Haywood Co. reports the following data: Sales $6,160,000 Variable costs (4,620,000) Contribution margin $1,540,000 Fixed costs (440,000) Operating income $1,100,000 Determine Haywood Co.s
Operating Leverage
Haywood Co. reports the following data:
| Sales | $6,160,000 |
| Variable costs | (4,620,000) |
| Contribution margin | $1,540,000 |
| Fixed costs | (440,000) |
| Operating income | $1,100,000 |
Determine Haywood Co.s operating leverage. Round your answer to one decimal place.
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Glencoe Accounting Concepts Procedures Applicatons
Authors: McGraw-Hill Education
3rd Edition
0028036174, 978-0028036175
