b) Use the following information for questions 8 through 10. c1 d)The CVP income statements shown below are for Castagno Company and McClure Company. e) Castagno Co. McClure Co. f) Sales revenue $ 600,000 $600,000 g) Variable costs 320 000 _ 120 000 h) Contribution margin 280,000 480,000 i) Fixed costs 170 000 370 000 j) Net income $ 110,000 $110,000 10 24) Which statement is true? a) McClure has the highest breakeven point and the highest leverage. b) McClure has the lowest breakeven point and the lowest leverage. c) McClure has the highest breakeven point and the lowest leverage. d) McClure has the lowest breakeven point and the highest leverage. 25) Which has the highest Margin of Safety? a) Castagno C0. b) McClure Co. 0) The margin of Safety is the same for each because they have the same revenue. d) The margin of Safety is the same for each because they have the same net income. 1) 26) If both companies increase in sales by $50,000, which company will have the higher net income? a) Castag no Co. b) McClure Co. 0) Both companies will report the same profits since total sales will still be the same for both. d) More information is needed to determine the answer. m)