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revenue le costs ibution margin $868,000 449,500 418.500 $868,000 279,000 589,000

revenue le costs ibution margin $868,000 449,500 418.500 $868,000 279,000 589,000

FINANCIAL ACCOUNTING
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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Current Attempt in Progress The following CVP income statements are available for Blossom Corp. and Crane, Inc. Sales revenue Variable costs Contribution margin Fixed costs Net income. 3) Blossom Corp. $868,000 449,500 Blossom 418.500 263,500 $155,000 Crane, Inc. $868,000 279,000 589,000 434,000 $155,000 Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, eg. 15.5) Degree of Operating Leverage
Transcribed Image Text:Current Attempt in Progress The following CVP income statements are available for Blossom Corp. and Crane, Inc. Sales revenue Variable costs Contribution margin Fixed costs Net income. 3) Blossom Corp. $868,000 449,500 Blossom 418.500 263,500 $155,000 Crane, Inc. $868,000 279,000 589,000 434,000 $155,000 Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, eg. 15.5) Degree of Operating Leverage
Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, e.g. 15.5.) Degree of Operating Leverage Blossom Crane Teythook and
Transcribed Image Text:Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, e.g. 15.5.) Degree of Operating Leverage Blossom Crane Teythook and
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