Chapter 6-Required Connect Homework 8 1 points Saved Help Save & Exit Submit Check my work Exercise 6-9 (Algo) Compute and Use the Degree of Operating Leverage [LO6-8] Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows Percent of Sales Amount $ 96,000 Sales 100% Variable expenses Contribution margin 38,400 40% 57,600 60% Fixed expenses 43,200 Niet operating income $ 14,4001 Mc Graw 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 6% increase in unit sales 3. Construct a new contribution format income statement for the company assuming a 6% increase in unit sales Complete this question by entering your answers in the tabs below. 1 Fixed expenses Net operating income Required: 43,200 $ 14,400 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 6% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 6% increase in unit sales. 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 Required 1 Required 2 > 8 00 oints 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 6% increase in unit sales 3. Construct a new contribution format income statement for the company assuming a 6% increase in unit sales Complete this question by entering your answers in the tabs below. eBook Required 11 Required 2 Required 3 Hint hiferences Using the degree of operating leverage, estimate the impact on net operating income of a 6% increase in unit 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).) Mc Graw Hill Net operating income < Prey 8 of 10 Next > 8 3. Construct a new contribution format income statement for the company assuming a 6% increase in unit sales. Complete this question by entering your answers in the tabs below. inits Required 1 Required 2 Required 3 eflook References Construct a new contribution format income statement for the company assuming a 6% increase in unit sales. Salos Engberg Company Contribution Income Statement Amount Percent of Sales % % 0 0% Variable expenses Contribution margin Fixed expenses Net operating income $ 0 Check m