Question
The following is last month's contribution format income statement: Sales (15,000 Units) Less: Variable Expenses Contribution Margin Less: Fixed Expenses Operating Income $375,000 $225,000
The following is last month's contribution format income statement: Sales (15,000 Units) Less: Variable Expenses Contribution Margin Less: Fixed Expenses Operating Income $375,000 $225,000 $150,000 $100,000 $ 50,000 What is the company's degree of operating leverage?
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