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Serfass Corporation's contribution format income statement for July appears below: Sales $ 388,800 Variable expenses 213,840 Contribution margin 174,960 Fixed expenses 83,980 Net operating income
Serfass Corporation's contribution format income statement for July appears below:
| Sales | $ | 388,800 |
| Variable expenses | 213,840 | |
| Contribution margin | 174,960 | |
| Fixed expenses | 83,980 | |
| Net operating income | $ | 90,980 |
| | ||
The degree of operating leverage is closest to:
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University Auditing In The Digital Era Challenges And Lessons For Higher Education Professionals And CAEs
Authors: Sezer Bozkus Kahyaoglu; Erman Coskun
1st Edition
0367553228, 9780367553227
