The following information was drawn from the records of Calico Company Income Statement Sales Revenue (170...
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The following information was drawn from the records of Calico Company Income Statement Sales Revenue (170 @ $520 per unit) Cost of Goods Sold: Variable (170 @ $220 per unit) Fixed Gross Margin Sales Commissions (170 @ $40) Depreciation Net Income $ $ 88,400 (37,400) (17,000) 34,000 (6,800) (2,800) 24,400 Based on this information the magnitude of operating leverage is approximately? The following information was drawn from the records of Calico Company Income Statement Sales Revenue (170 @ $520 per unit) Cost of Goods Sold: Variable (170 @ $220 per unit) Fixed Gross Margin Sales Commissions (170 @ $40) Depreciation Net Income $ $ 88,400 (37,400) (17,000) 34,000 (6,800) (2,800) 24,400 Based on this information the magnitude of operating leverage is approximately?
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The magnitude of operating leverage can be calculated using the following formula Operating Lev... View the full answer
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