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Serfass Corporation's contribution format income statement for July appears below: Sales $ 334,800 Variable expenses 184,140 Contribution margin 150,660 Fixed expenses 72,320 Net operating income
Serfass Corporation's contribution format income statement for July appears below:
| Sales | $ | 334,800 |
| Variable expenses | 184,140 | |
| Contribution margin | 150,660 | |
| Fixed expenses | 72,320 | |
| Net operating income | $ | 78,340 |
The degree of operating leverage is closest to:
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Auditing A Practical Manual For Auditors
Authors: Lawrence Robert Dicksee
1st Edition
1360462546, 978-1360462547
