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Lydic Corporation has provided the following contribution format income statement. Assume that the following information...

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Accounting

Lydic Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.

Sales (4,000 units) $ 160,000

Variable expenses 112,000

Contribution margin 48,000

Fixed expenses 38,400

Net operating income $ 9,600

The degree of operating leverage is closest to:

Multiple Choice

0.06

16.67

5.00

0.20

Answer & Explanation Solved by verified expert
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