If the contribution margin ratio is 0.60, targeted operating income is $95,000, and targeted sales volume in dollars is $530,000, then the degree of operating leverage is ________.
A) 0.30 times
B) 0.67 times
C) 3.35 times
D) 2.23 times
Correct Answer:
Verified
Q138: In 2017, Craylon Company has sales of
Q139: The margin of safety refers to how
Q140: Answer the following questions using the information
Q141: The risk-return tradeoff across alternative cost structures
Q142: Auto Tires has been in the tire
Q144: When a greater proportion of costs are
Q145: The degree of operating leverage at a
Q146: If the contribution margin ratio is 0.25,
Q147: Companies with a greater proportion of direct
Q148: Query Company sells pillows for $25.00 each.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents