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Q1.The following is Jordon Manufacturing's contribution format income statement for last month: Sales - $1,400,000 Variable expenses - $900,000 Contribution Margin - $500,000 Fixed expenses-

Q1.The following is Jordon Manufacturing's contribution format income statement for last month:

Sales - $1,400,000

Variable expenses - $900,000

Contribution Margin - $500,000

Fixed expenses- $300,000

Operating income - $200,000

The company has no beginning or ending inventories and produced and sold 10,000 units during the month.

f) What is the company's degree of operating leverage?(2 marks)

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