Engberg Company Installs lawn sod in home yards. The company's most recent monthly contribution format Income statement follows: Amount $ 134,600 53,600 Percent of Sales 1885 486 Sales Variable expenses Contribution margin Fixed expenses 80,4ee 686 18,eee Net operating income $ 62,400 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 What is the company's degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format Income statement for a recent month for the two games appears below. Claimjumper $ 104,600 38,440 Makeover $ 52,00 8.360 Total $ 156,888 46,800 Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 65,560 $ 43,640 189,280 78,120 $ 31,080 Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format Income statement at the company's break-even point that shows the appropriate levels of sales for the two products. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the overall contribution margin (CM) ratio for the company? Overall CM ratio Required 1 Required 2 > Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below: Total April $490,000 May $690,820 June $220, eee Budgeted sales (all on account) $1,480, eee From past experience, the company has learned that 25% of a month's sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 15% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $420,000, and March sales totaled $450,000. Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2 What is the accounts receivable balance on June 30th? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. Schedule of Expected Cash Collections April May June Total February sales March sales April sales May sales June sales Total cash collections Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May June July Unit Sales 80,00 90,eee 120,eee 95, eee The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month Inventory levels must equal 10% of the following month's unit sales. The inventory at the end of March was 8.000 units. Required: Prepare a production budget by month and In total, for the second quarter. Down Under Products, Ltd., Production Budget April May June Quarter Budgeted unit sales Total needs Required production in units