Question 13 1 pts The income statement of Archer Manufacturing is as follows: Sales P 2,000,000 Less: Cost of goods sold Direct materials P500000 Direct labor {variable} 150,000 Variable overhead 50,000 Fixed overhead 600,000 1,300,000 Gross Margin i3 700,000 Less: Selling, General, &Administrative expenses (SG&A) Variable SG&A P100900 Fixed SG&A 300,000 400,000 Net Operating Income P 300,000 Archer's DEGREE OF OPERATING LEVERAGE is