ACCT P CALC Co No results Options 2 Graded Problems Saved Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales Amount Sales $144,000 57,600 100% Variable expenses 40% Contribution margin 86,400 60% Fixed expenses 25,000 Net operating income $ 61,400 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 16 % increase in sales. 3. Construct a new contribution format income statement for the company assuming a 16 % increase in sales. es Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the company's degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage 2 Graded Problems Saved Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales Amount Sales $144,000 57,600 100% Variable expenses 40% Contribution margin 60% 86,400 Fixed expenses 25,000 Net operating income $ 61, 400 Required: 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating inccome of a 16% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 16 % increase in sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 16 % increase in sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (i.e.1234 should be entered as 12.34).) Net operating income by Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Amount Sales Sales $144,000 57,600 100% 40 % Variable expenses Contribution margin 60% 86,400 Fixed expenses 25,000 Net operating income $ 61,400 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 16% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 16 % increase in sales. es Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Construct a new contribution format income statement for the company assuming a 16 % increase in sales. Engberg Company Contribution Income Statement Amount Percent of Sales % Required 2 Required 3 Next> awe T Prev 1 of 9 datin