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Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows Sales Variable expenses Contribution margin Fixed expenses

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Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows Sales Variable expenses Contribution margin Fixed expenses Net operating income Acount $ 143,000 57,200 35,800 15.000 $ 70,800 Percent of Sales 100% 40% 60x 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 29% increase in unit sales 3. Construct a new contribution format income statement for the company assuming a 29% increase in unit sales Complete this question by entering your answers in the tabs below Required 1 Required 2 Required a What is the company's degree of operating leverage7 {Round your answer to 2 decimal placeo) Degree of operating leverage 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 29% increase in unit sales 3. Construct a new contribution format income statement for the company assuming a 29% increase in unit sales Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 29% increase in unit sales (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (1234 should be entered as 12.34).) Net operating income 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 29% increase in unit sales Engberg Company Contribution Income Statement Amount Percent of Sales %

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