Question
Stoppkotte Corporation has provided its contribution format income statement for April. Sale $703,000 Variable expenses 444,000 Contribution margin 259,000 Fixed expenses 184,200 Net operating income
Stoppkotte Corporation has provided its contribution format income statement for April.
| Sale | $703,000 |
| Variable expenses | 444,000 |
| Contribution margin | 259,000 |
| Fixed expenses | 184,200 |
| Net operating income | $74,800 |
The degree of operating leverage is closest to:
| A. | 3.46 |
| B. | 0.11 |
| C. | 0.29 |
| D. | 9.40 |
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Internal Auditing Basics Video Learning Guide
Authors: Charles A. Cianfrani & John E. West, James P. Gildersleeve
1st Edition
1891578251, 978-1891578250
