Question
Tom's Taxidermy has a monthly target operating income of $25,000. Variable expenses are 75% of sales, monthly fixed expenses are $15,000, and the contribution margin
Tom's Taxidermy has a monthly target operating income of $25,000. Variable expenses are 75% of sales, monthly fixed expenses are $15,000, and the contribution margin is $40,000. What is Tom's operating leverage factor at the target level of operating income? A. 0.63 B. 0.40 C. 1.60 D. 2.67
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Virtual Remote Audit From Planning To Implementation
Authors: Roland Scherb
2nd Edition
3754301667, 978-3754301661
