Please provide answer in text (Without image) Current Attempt in ProgressThe CVP income statements shown below are available for Marigold Company and Concord Company.SalesVariable costsContribution marginFixed costsNet incomeMarigoldMarigold Co. Concord Co.Concord$497,000246,000251,000151,000$100,000(a1) Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.15.)$497,00050,000447,000347,000$100,000Degree of Operating Leverage(b) Assuming that sales revenue increases by 10%, prepare a variable costing income statement for each company.Marigold CompanyConcord CompanyJOTUL

Operating leverage indicates the ability of the business to manage the fixed and variable costs to…

Current Attempt in Progress The CVP income statements shown below are available for Marigold Company and Concord Company. Sales Variable costs Contribution margin Fixed costs Net income Marigold Marigold Co. Concord $497,000 246,000 251,000 151,000 $100,000 10 Concord Co. (a1) Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.15.) Degree of Operating Leverage $497,000 50,000 447,000 347,000 $ $100,000 b) Assuming that sales revenue increases by 10%, prepare a variable costing income statement for each company. Marigold Company IN Concord Company s 100

Current Attempt in Progress The CVP income statements shown below are available for Marigold Company and Concord Company. Sales Variable costs Contribution margin Fixed costs Net income Marigold Marigold Co. Concord $497,000 246,000 251,000 151,000 $100,000 10 Concord Co. (a1) Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.15.) Degree of Operating Leverage $497,000 50,000 447,000 347,000 $ $100,000 b) Assuming that sales revenue increases by 10%, prepare a variable costing income statement for each company. Marigold Company IN Concord Company s 100

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 15E

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The CVP income statements shown below are available for Blossom Company and Crane Company. Blossom Co. $600,000 320,000 Sales revenue Variable costs Contribution margin Fixed costs Operating income (a1) Blossom Co. Calculate the degree of operating leverage for each company. (Round answer to 2 decimal places, e.g. 15.25.) Crane Co. 280,000 180,000 $100,000 Save for Later Crane Co. $600.000 120,000 480,000 380,000 $100,000 Operating leverage Attempts: 0 of 1 used Submit Answer
genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Lo... r Operating Leverage Teague Co. reports the following data: Sales Variable costs Contribution margin Fixed costs $480,000 264,000 $216,000 175,200 $40,800 Income from operations Determine Teague Co.'s operating leverage. Round your answer to one decimal place.
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Hide or show questions Progress:5/19 items Tom Company reports the following data: Sales $291,346 Variable costs 151,946 Fixed costs 57,400 Determine Tom Company's operating leverage. Round your answer to one decimal place.fill in the blank 1
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