17. A manufacturer of premium wire strippers has supplied t…
17. A manufacturer of premium wire strippers has supplied the following data: Units produced and sold 580,000 Sales revenue $ 4,176,000 Variable manufacturing expense $ 2,871,000 Fixed manufacturing expense $ 778,000 Variable selling and administrative expense $ 348,000 Fixed selling and administrative expense $ 104,000 Net operating income $ 75,000 The company’s degree of operating leverage is closest to:
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