Question 9 A company that makes organic fertilizer has supplied the following data: Sales revenue Bags produced and sold Variable manufacturing expense Fixed manufacturing expense 200,000 $ 1,560,000 $660,000 $ 448,000 Variable selling and administrative expense $ 180,000 Fixed selling and administrative expense Net operating income $214,000 $ 58,000 The company's degree of operating leverage is closest to: 26.90 12.41 3.45 1.27