Question: Can you explain the correct methodology to solve this general accounting problem? The following operating results for Galaxy Electronics were reported last year: Sales: $2,400,000

Can you explain the correct methodology to solve this general accounting problem?

The following operating results for Galaxy Electronics were reported last year: Sales: $2,400,000 Variable Expenses: $1,440,000 Contribution Margin: $960,000 Fixed Expenses: $480,000 . Net Operating Income: $480,000 Calculate the degree of operating leverage at the current level of sales

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