Question: Based on the following operating data, the operating leverage is (Round your answer to 2 decimal places): Sales Variable costs $1,750,000 355,000 Contribution margin

Based on the following operating data, the operating leverage is (Round your answer to 2 decimal places): Sales Variable costs $1,750,000 355,000 Contribution margin Fixed costs 1,395,000 157,000 Income from operations $1,238,000 Multiple Choice 1.13 1.25 0.25 1.41

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Based on the following operating data, the operating leverage is (Round your answer to 2 decimal places): Sales Variable costs Contribution margin Fixed costs Income from operations $750,000 389,000...

HELP PLEASE ALL QUESTIONS NEED HELP PLEASE GUYS GOD BLESS YOU 14. A review of the accounting records of Spiller Manufacturing indicated that the company incurred the following payroll costs during...

Based on the following operating data, the operating leverage is (Round your answer to 2 decimal places) : Sales $ 1,150,000 Variable costs 394,000 Contribution margin 756,000 Fixed costs 151,000...

Based on the following operating data, the operating leverage is (round your answer to 2 decimal places): Sales $ 1,550,000 Variable costs 456,000 Contribution margin 1,094,000 Fixed costs 131,000...

[The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant...

Required information [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,0...

Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of business, the...

b. Compute the break-even point in sales dollars for the company as a whole and the margin of safety in both dollars and percentage of sales. (Do not round your intermediate calculations. Round...

Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of business, the...

In a study of recall memory three different questionnaires (A, B, C) were administered to nine subjects at three different times three months apart about the number of trips to a shopping center...

What is the purpose of a realization and liquidation account?

5 a Describe four ways cybercriminals can use to trick a user into downloading malicious code onto their computers using social engineering. b There are four stages in the course of action when a...

Hill cipher, is resistant to ciphertext only attackAnswerTrueFalse

Explain the straight-line method of amortizing dis- count and premium on bonds payable. AppendixLO1

Mary Blaska is discussing the advantages of the ef- fective-interest method of bond amortization with her accounting staff. What do you think Mary is say ing? AppendixLO1

Ewing Corporation issues $200,000 of 8%, 5-year bonds on January 1, 2004, at 104. Assuming that the straight-line method is used to amortize the pre- mium, what is the total amount of interest...