D ezto.mheducation.com B Blackboard - UMass Boston M Question 6 - Homework 2 - Connect Homework 2 i Saved Save & Exit Submit Check my work 6 Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Amount Sales Sales 96, 000 100%% eBook Variable ex 38 , 40 0 40 Contribution margin 57 , 600 60% Fixed expenses 45, 120 Hint Net operating income 12, 480 Required: Print 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 7% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 7% 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? Note: Round your answer to 2 decimal places. Degree of operating leverage Required 2 > marks ling List red with You ud Tabs Prev .6 of 6 Next K DI DD A E3 F7 F8 F9 10 F11 F12 F1 @ & 6 8 delete W E R T Y U O P A S D F G H KD ezto.mheducation.com B Blackboard - UMass Boston M Question 6 - Homework 2 - Connect (8) Salle - Icon (Official Audio) Homework 2 i Saved Help Save & Exit Subr Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 6 Return to question 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 7% increase in unit sales. . Construct a new contribution format income statement for the company assuming a 7% increase in unit sales. & Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Construct a new contribution format income statement for the company assuming a 7% increase in unit sales. Engberg Company Contribution Income Statement Percent of Amount Sales Sales 102,720 100 % Variable expenses 41,088 40 % Contribution margin 4,632 60 % Fixed expenses |45, 120 $ 16,512 DII U KI 20 F11 F12 E9 F10 F7 F8 F2 F3 O O O P