Please do not give solution in image format thanku 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 5% increase in unit sales.3. Construct a new contribution format income statement for the company assuming a 5% increase in unit sales.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3What is the company's degree of operating leverage? (Round your answer to 2 decimal places.)Degree of operating leverageComplete this question by entering your answers in the tabs below.Required 1 Required 2Required 3Using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in unit sales. (Roundyour intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (i.e.1234 should beentered as 12.34).)Net operating incomeRequired 1Complete this question by entering your answers in the tabs below.Required 2 Required 3Construct a new contribution format income statement for the company assuming a 5% increase in unit sales.Engberg CompanyContribution Income StatementAmount$%00Percent of Sales%%0% Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows:Percent ofSales100%4060%SalesVariable expensesContribution marginFixed expensesNet operating incomeAmount$ 86,00034,40051,60041,280$ 10,320Required: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 5% increase in unit sales.3. Construct a new contribution format income statement for the company assuming a 5% increase in unit sales.

Degree of operating leverage indicates the how much change in net operating income will be there if…

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 $ 86,000 34,400 51,600 41,280 $ 10,320 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 5% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 5% increase in unit sales.

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 $ 86,000 34,400 51,600 41,280 $ 10,320 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 5% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 5% increase in unit sales.

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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