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Question - Joe Corporation sold 2,000 units last month. Here is their income statement for that period:
Total
Sales $100,000
Less: Variable Expenses 55,000
Contribution Margin $45,000
Less: Fixed Expenses 20,000
Operating Income $25,000
Required -
1. Calculate the company's degree of operating leverage.
2. Using the degree of operating leverage calculated in part 1, calculate the percentage increase in operating income if the sales increase to 2,400 units.
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