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Serfass Corporation's contribution format income statement for July appears below: Sales $ 255,000 Variable expenses 114,750 Contribution margin 140,250 Fixed expenses 44,880 Net operating income
Serfass Corporation's contribution format income statement for July appears below:
| Sales | $ | 255,000 |
| Variable expenses | 114,750 | |
| Contribution margin | 140,250 | |
| Fixed expenses | 44,880 | |
| Net operating income | $ | 95,370 |
The degree of operating leverage is closest to?
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
