Question: Guinty Manufacturing had a 1.50 operating leverage factor when sales were $50,000. Guinty Manufacturing's contribution margin ratio was 30%. What were Guinty Manufacturing's fixed expenses?

Guinty Manufacturing had a 1.50 operating leverage factor when sales were

Guinty Manufacturing had a 1.50 operating leverage factor when sales were $50,000. Guinty Manufacturing's contribution margin ratio was 30%. What were Guinty Manufacturing's fixed expenses? Begin by identifying the formula to compute the operating income with the available data. Contribution margin Operating leverage factor = Operating income Now identify the formula to compute the fixed expenses with the available data. Contribution margin Operating income = Fixed expenses Fixed expenses were $

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