Question: Serfass Corporation's contribution format income statement for July appears below: 19 Sales Variable expenses Contribution margin Fixed expenses Net operating income $260,000 176,000 84,000 71,800

Serfass Corporation's contribution format income statement for July appears below: 19

Serfass Corporation's contribution format income statement for July appears below: 19 Sales Variable expenses Contribution margin Fixed expenses Net operating income $260,000 176,000 84,000 71,800 12,200 02:28:07 The degree of operating leverage is closest to: Multiple Choice O 005 0.15 21.31 6.89

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