LO 3.5Wallace Industries has total contribution margin of $58,560 and net income of $24,400 for the month of April. Wallace expects sales volume to increase by 5% in May. What are the degree of operating leverage and the expected percent change in income for Wallace Industries?
0.42 and 2.2%
0.42 and 5%
2.4 and 12%
2.5 and 13%
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