Patterson company's variable expenses are 55% of sales. At a $400,000 sales level, the degree...
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Accounting
Patterson company's variable expenses are 55% of sales. At a $400,000 sales level, the degree of operating leverage is 5. IF sales increase by $30,000, the new degree of operating leverage will be (rounded):
a. 5.00
b. 3.18
c. 2.91
d. 3.91
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