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Posted on Sep 06, 2024

Serfass Corporation's contribution format income statement for July appears below: Sales$ 2 6 0 , 0 0 0 Variable expenses 1 7 6 , 0

Serfass Corporation's contribution format income statement for July appears below: Sales$

260, 000

Variable expenses

176, 000

Contribution margin

84, 000

Fixed expenses

71, 800

Net operating income$

12, 200

The degree of operating leverage is closest to:

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