Morse Company reports total contribution margin of $48,000 and income of $12,000 for the current month. The degree of operating leverage is: Multiple Choice 0 1.25 4.0 250% 2.5 0.25 0000 Carver Packing Company reports total contribution margin of $72,000 and income of $24,000 for the current month, In the next month, the company expects sales volume to increase by 8%, The degree of operating leverage and the expected percent change in income, respectively, are: Multiple Choice 0 40 and 32% 0,33 and 8% 3 0 and 24% 0,33 and 27% 305nd 8% 0000 \fThe followingjournal entry would be made to record the use of $6,100 of direct labor in the Production department during the reporting period: Account Title Debit Credit Factory Overhead 6,199 Work in Process InventoryProduction 5,198 True or False True False A process manufacturer that uses the weightedaverage method reports the following. Conve rs ion Units Percent Complete Beginning work in process inventor},-r 28,888 88% Units completed and transferred out 88,888 Ending work in process inventory,r 25,888 48% Equivalent units of production for conversion are: Multiple Choice 0 188,8 88. 88,888. ?8,8 88. 48,888. I18 r88 8. O O O O