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Magic Realm, Inc., has developed a new fantasy board game. The company sold 8,700 games last year at a selling price of $69 per game. Fixed expenses associated with the game total $87,000 per year, and variable expenses are $49 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor.
Required:
Question 1: Prepare a contribution format income statement for the game last year.
Question 2: Compute the degree of operating leverage.
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