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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:
Multiple Choice
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0.37
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0.68
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1.82
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1.47
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Principles Of Managerial Accounting
Authors: Christine Jonick, Dahlonega, GA
1st Edition
1940771455, 9781940771458
