Question
Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 364,000 163,800 200,200 92,090
Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 364,000 163,800 200,200 92,090 108,110 tA 00:38:22 The degree of operating leverage is closest to. Multiple Choice 0.54 1.82 1.85 0.30
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen and Peter Brewer
14th edition
978-007811100, 78111005, 978-0078111006
