A company that makes organic fertilizer has supplied the following data: Bags produced and sold 200,000Sales revenue$1,560,000Variable manufacturing expense$660,000Fixed manufacturing expense$448,000Variable selling and administrative expense$180,000Fixed selling and administrative expense$214,000Net operating income$58,000The company's degree of operating leverage is closest to:
A. 12.41
B. 26.90
C. 1.27
D. 3.45
Answer: A
You might also like to view...
Using the variable cost concept determine the selling price for 30,000 units using the following data: Variable cost per unit $15.00, $150,000 desired profit, and total fixed costs $90,000
A) $20.00 B) $21.67 C) $18.00 D) $23.00
Which statement is an effective general guide for writing policies?
a. List consequences of violating policy. b. Identify to whom the policy applies. c. Give the rationale for the policy. d. All of the above (a-c).
The agent owes the duty of accountability to the principal
Indicate whether the statement is true or false
One way to reduce a firm's cash conversion cycle would be to have as many customers as possible pay using credit rather than cash
Indicate whether the statement is true or false.