Cutlass Company sells a single product. The company's controller prepared the following budgeted income statement for the coming year: Total Sales $140,000 Less: Total variable cost 105,000 Contribution margin 35,000 Less: Total fixed cost 27,000 Operating Income $ 8,000 What is the margin of safety in sales dollars at Cutlass's budgeted level of sales? $108,000 $20,000 $32,000 $36,000 What would be additional operating income if Cutlass's sales were $60,000 higher than the budgeted level of sales? $15,000 $18,000 $24,000 $3,429 What is the degree of operating leverage at Cutlass's budgeted level of sales (Round to the two decimal places if necessary)? 0.23 0.25 4.38 4.00 What level of sales revenue would have to be generated to earn a target profit of $16,000? $124,000 $280,000 $200,000 $172,000