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Understanding the effects of operating leverage HighTech Inc. and OldTime Co. compete within the same industry and had the following operating results in 2022: Sales

Understanding the effects of operating leverage HighTech Inc. and OldTime Co. compete within the same industry and had the following operating results in 2022: Sales Variable expenses Contribution margin Fixed expenses Operating income HighTech Inc. $420,000 Old Time Co. $420,000 252,000 84,000 $336,000 294,000 $ 42,000 $168,000 126,000 $ 42,000

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