## Answers

Contribution margin income statement

Sales | 1085500 |

Less: Variable cost | |

Cost of goods sold | 552500 |

Sales commission | 54275 |

Shipping and handling expense | 26000 |

Total variable cost | 632775 |

Contribution margin | 452725 |

Less: Fixed cost | |

Administrative salaries expense | 86000 |

Advertising expense | 36000 |

Depreciation expense | 41000 |

Total Fixed cost | 163000 |

Operating income | 289725 |

Degree of operating leverage = Contribution margin/Operating income = 452725/289725 = 1.56

Operating income increase by (1.56*10) = 15.60 or 16%

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