a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.) Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement for the game last year. Given tnis assumpuon: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement, use the degree of operating leverage to compute your answer.) Complete this question by entering your answers in the tabs below. Compute the degree of operating leverage. a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree operating leverage to compute your answer.) Complete this question by entering your answers in the tabs below. Management is confident that the company can sel 47,232 games next year (an increase of 8,832 games, or 23%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.) Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Assume that more than ane product is being sold in each of the four following case situavons: (Loss amounts shauld be indicated by a minus sign.) Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Assume that only one product is being sold in each of the four following case situotions: (Loss amounts should be indicated by b. Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Assume that only one product is being sold in each of the four following case situations: (toss amounts should be indicated by a minus sign.) Magic Realm, Incorporated, has developed a new fantasy board game. The company sold 38,400 games last year at a selling price of $62 per game. Fixed expenses associated with the game total $672,000 per year, and variable expenses are $42 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor. Required: 1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 47,232 games next year (an increase of 8,832 games, or 23\%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected omount of net operating income for next year? (Do not prepare an income statement: use the degree of operating leverage to compute your answer) Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement for the game last year
