Global Company has the following information available: Sales (80,000 units x $30 $2,400,000 per unit) 960,000 Variable Costs (80,000 units x $12 per unit) Contribution Margin Fixed Costs $1,440,000 1,320,000 $120,000 Net Income (Note, you may enter your degree of operating leverage and change in net income as either a decimal, for example 3.00 or .54, or as a percentage, for example, 300% or 54%--if you type the answer in as a percentage, be sure to include the percent sign) 1 I expect the degree of operating leverage to be (type low or high) because there is a (type higher or lower) proportion of fixed costs to variable costs. 2. The degree of operating leverage is 1. I expect the degree of operating leverage to be (type low or high) because there is a (type higher or lower) proportion of fixed costs to variable costs. 2. The degree of operating leverage is 3. If unit sales decrease by 5% (or .05), the expected percentage (or decimal) decrease in current net income is 4. If unit sales decrease by 5% (or .05), the predicted dollar amount of change in the current net income is If unit sales decrease by 5% (or .05), the new variable costing income statement would appear as follows: Sales Variable Costs Contribution Margin Fixed Costs Net Income