7 12:42 Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales 100% 40 60% Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 88,000 35,200 Required 1 Required 2 52,000 40,480 $ 12,320 Required: 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 8% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 8% increase in unit sales. Complete this question by entering your answers in the tabs below. Required 3 Construct a new contribution format income statement for the company assuming a 8% increase in unit sales. Engberg Company Contribution Income Statement Amount Percent of Sales % % % Help

7 12:42 Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales 100% 40 60% Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 88,000 35,200 Required 1 Required 2 52,000 40,480 $ 12,320 Required: 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 8% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 8% increase in unit sales. Complete this question by entering your answers in the tabs below. Required 3 Construct a new contribution format income statement for the company assuming a 8% increase in unit sales. Engberg Company Contribution Income Statement Amount Percent of Sales % % % Help

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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