【每日一练】CFA 一级（2015年）

Question：

The unit contribution margin for a product is $20. A firm’s fixed costs of production up to 300,000 units is $500,000. The degree of operating leverage (DOL) is most likely the lowest at which of the following production levels (in units): 
A. 200,000. 
B. 100,000. 
C. 300,000. 

Answer = C 

The DOL is lowest at the 300,000 unit production level.
CFA Level I

“Measures of Leverage,” Pamela Peterson Drake, Raj Aggarwal, Cynthia Harrington, and Adam Kobor
Section 3.3

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