Question: Serfass Corporation's contribution format income statement for July appears below: Sales$260,000Variable expenses176,000Contribution margin84,000Fixed expenses71,800Net operating income$12,200 The degree of operating leverage is closest to: Multiple

Serfass Corporation's contribution format income statement for July appears below:

Sales$260,000Variable expenses176,000Contribution margin84,000Fixed expenses71,800Net operating income$12,200

The degree of operating leverage is closest to:

Multiple Choice

  • 0.05
  • 0.15
  • 21.31
  • 6.89

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