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Serfass Corporation's contribution format income statement for July appears below: Sales $ 337,500 Variable expenses 168,750 Contribution margin 168,750 Fixed expenses 48,940 Net operating income
Serfass Corporation's contribution format income statement for July appears below:
| Sales | $ | 337,500 |
| Variable expenses | 168,750 | |
| Contribution margin | 168,750 | |
| Fixed expenses | 48,940 | |
| Net operating income | $ | 119,810 |
The degree of operating leverage is closest to:
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Audit Management A Complete Guide
Authors: Gerardus Blokdyk
2019 Edition
0655813640, 978-0655813644
