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Current Attempt in Progress The following CVP income statements are available for Oldham Company and Newton Company: Sales revenue Variable costs Contribution margin Fixed costs
Current Attempt in Progress The following CVP income statements are available for Oldham Company and Newton Company: Sales revenue Variable costs Contribution margin Fixed costs Operating income Oldham Company $395.000 197.500 197.500 147,500 $50,000 Newton Company $395.000 79.000 316,000 266,000 $50,000 Calculate the break-even point in dollars and the margin of safety ratio for each company. (Round break-even point tot of safety ratio to 2 decimal places, eg. 15.25%.) Oldham Company Newton Company $ $ Break-even point Margin of safety ratio % % Question Part Score Calculate the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 15.25.) Oldham Company Newton Company e Textbook and Media Assuming that sales revenue decreases by 20%, prepare a variable cost income statement for each company (Enter loss using either numberes.-45 or parentheses c.8. (451) Oldham Company Newton Company > $ $
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