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Cullumber's Shingle Corporation is considering the purchase of a new automated shingle - cutting machine. The new machine will reduce variable labor costs but will

Cullumber's Shingle Corporation is considering the purchase of a new automated shingle-cutting machine. The new machine will reduce variable labor costs but will increase depreciation expense. Contribution margin is expected to increase from $309,400 to $340,340. Net income is expected to be the same at $47,600.
Compute the degree of operating leverage before and after the purchase of the new equipment. (Round answers to 2 decimal places, e.g.1.52.)
Degree of operating leverage (old)
Degree of operating leverage (new)
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