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INSTRUCTIONS: ASSUME THE SALES REVENUE DECREASES BY 2 0 % . PREPARE A CVP INCOME STATEMENT FOR EACH COMPANY. ( DON ' T ROUND INTERMEDIATE

INSTRUCTIONS: ASSUME THE SALES REVENUE DECREASES BY 20%. PREPARE A CVP INCOME STATEMENT FOR EACH COMPANY. (DON'T ROUND INTERMEDIATE CALCULATIONS)....The degree of operating leverage for company Cullumber is 3.1 and the degree of operating leverage for company Blossom is 4.2. The following CVP income statements are available for Cullumber Corp. and Blossom, Inc.
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