FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Answer? ? Financial accounting question

The September contribution format income statement of Phoenix Industries appears
below:
•
Sales: $920,000
• Variable expenses: $552,000
•
.
Contribution margin: $368,000
Fixed expenses: $248,000
⚫ Net operating income: $120,000
The degree of operating leverage is?
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Transcribed Image Text:The September contribution format income statement of Phoenix Industries appears below: • Sales: $920,000 • Variable expenses: $552,000 • . Contribution margin: $368,000 Fixed expenses: $248,000 ⚫ Net operating income: $120,000 The degree of operating leverage is?
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