A manufacturer of premium wire strippers has supplied the following data: ...
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Accounting
A manufacturer of premium wire strippers has supplied the following data:
|
|
|
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| Units produced and sold |
| 580,000 |
| Sales revenue | $ | 4,176,000 |
| Variable manufacturing expense | $ | 2,871,000 |
| Fixed manufacturing expense | $ | 778,000 |
| Variable selling and administrative expense | $ | 348,000 |
| Fixed selling and administrative expense | $ | 104,000 |
| Net operating income | $ | 75,000 |
The company's degree of operating leverage is closest to:
Group of answer choices
55.68
3.65
7.73
12.76
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