Question: Popley Manufacturing had a 1.25 operating leverage factor when sales were $55,000. The company's contribution margin ratio was 20%. What were the company's fixed expenses?

Popley Manufacturing had a 1.25 operating leverage factor when sales were $55,000. The company's contribution margin ratio was 20%. What were the company's fixed expenses? Begin by identifying the formula to compute the operating income with the available data. = Operating income Now identify the formula to compute the fixed expenses with the available data. = Fixed expenses Fixed expenses were $ Choose from any list or enter any number in the input fields and then continue to the next question gl D 4x = 3:01 PM 11/12/2019

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