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The following is Tucker Inc's contribution format income statement for last month: Sales $800,000 Less variable expenses 300,000 Contribution margin 500,000 Less fixed expenses
The following is Tucker Inc's contribution format income statement for last month: Sales $800,000 Less variable expenses 300,000 Contribution margin 500,000 Less fixed expenses Net income 400,000 $100.000 The company has no beginning or ending inventories. The company produced and sold 10,000 units last month. What is the company's degree of operating leverage? 0.2. 5.0. 1.7. 8.0.
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