The following is Addison Corporation's contribution format income statement for last month: 
The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
-What is the company's degree of operating leverage?
Definitions:
Property Taxes
Taxes levied by local governments on real estate based on the property's assessed value, used to fund public services.
Indirect Materials
Materials used in the production process that cannot be directly linked to specific product units, such as lubricants and cleaning supplies used in machinery.
Total Fixed Costs
The combined sum of all costs that do not change with the level of production or sales over a short period.
Master Budget
The total of all individual budgets within an organization, projecting all major financial activities over a period.
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