Guinty Manufacturing had a 1.50 operating leverage factor when sales were $50,000. Guinty Manufacturing's contribution margin ratio

Question:

Guinty Manufacturing had a 1.50 operating leverage factor when sales were $50,000. Guinty Manufacturing's ratio was 30%. What were Guinty Manufacturing's fixed expenses?
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...