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Oslo Company prepared the following contribution format income statement based on...

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Accounting

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Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units); Sales $ 80,000 Variable expenses 52,000 Contribution margin 28,000 Fixed expenses 21,340 Net operating Income 5.6,160 14. Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $21,840 and the total fixed expenses are $52,000. Under this scenario and assuming that total sales remain the same, what is the degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating loverogo

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