0 Countrywide Travel uses the contribution margin income statement internally. Countrywide's first-quarter results follow. Countrywide's relevant range is between sales of $204,000 and $462,000. (Click the icon to view the data.) Data Table Requirements 1. What is Countrywide Travel's current margin of safety (in dollars)? 2. What is Countrywide Travel's current operating leverage factor? 3. if sales volume increases 12% next quarter, by what percentage will Countrywide Travel's operating income increase? What will the new operating income be? Requirement 1. What is Countrywide Travel's current margin of safety in dollars)? First, identify the formula to compute the margin of safety. Break even sales in dollars Sales = Margin of safety in dollars Countrywide Travel Contribution Margin Income Statement Three Months Ended March 31 The margin of safety is S Sales revenue $ 317.500 128,000 Less: Variable expenses Contribution margin Requirement 2. What is Countrywide Travel's current operating leverage factor? First, identify the formula to compute the operating leverage factor. 1 - Operating leverage factor $ 189,500 160,000 Less: Fixed expenses $ 29,500 The operating leverage factor is. (Round your answer to three decimal places.) Operating income The break-even sales in dollars is $266,667. Requirement 3. If sales volume increases 12% next quarter, by what percentage will Countrywide Travel's operating income increase? What will the new operating income be? (Ro The operating income will increase by %. What will the new operating income be? (Round your answer to the nearest whole dollar.) The new operating income will be $ . Print Done Choose from any drop-down list and then continue to the next