Junior Bodway, Inc., has provided the following budgeted data: Sales 10,000unitsSelling price$50per unitVariable expense$30per unitFixed expense$180,000 At the budgeted sales level of 10,000 units, what is the company's degree of operating leverage?
A. 6.0
B. 22.5
C. 5.0
D. 10.0
Answer: D
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You deposit in a fund 10 annual payments of $2,500 each beginning January 1, 2016, with the last deposit being made on January 1, 2025. How much will be in the fund on December 31, 2025, one year after the final payment, if the fund earns interest at 4% compounded annually?
A) ?$21,088 B) ?$28,957 C) ?$30,015 D) ?$31,216
The ______ staffing strategy of multinational organizations involves using a mix of nationalities at home and abroad in management.
A. polycentric B. ethnocentric C. geocentric D. regiocentric
When it comes to prospects for employment, people with degrees in ________ are in especially high demand.
A) technology and business B) business and math C) business and science D) science and technology E) science and math
Raven applies overhead based on direct labor hours. The variable overhead standard is 2 hours at $11 per hour. During July, Raven spent $116,700 for variable overhead. 8,890 labor hours were used to produce 4,700 units. What is the variable overhead rate variance?
A. $18,910 unfavorable B. $13,300 favorable C. $13,300 unfavorable D. $6,650 unfavorable