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Serfass Corporation's contribution format income statement for July appears below: Sales$ 448,500Variable expenses224,250Contribution margin224,250Fixed expenses58,310Net operating income$ 165,940 The degree of operating leverage is closest

Serfass Corporation's contribution format income statement for July appears below: Sales$ 448,500Variable expenses224,250Contribution margin224,250Fixed expenses58,310Net operating income$ 165,940 The degree of operating leverage is closest to

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