Solved: Degree of operating leverage-income statement, Accounting Basics

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Degree of operating leverage-income statement

Question: Faust Corporation has provided its contribution format income statement for August

Sales = $153,300
Variable expense = $94,900
Contribution Margin = $58400
Fixed Expense = $50300
Net operating Expense = $8100

The degree of operating leverage is closest to:

A. 18.93
B. 0.14
C. 0.05
D. 7.21

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Accounting Basics: Degree of operating leverage-income statement

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