[Note] To answer next 4 questions, refer to the following information (these same data will appear on each screen of the related question!): Cutlass Company sells a single product. The company's controller prepared the following budgeted income statement for the coming year: Total Sales $140,000 Less: Total variable cost 105.000 Contribution margin 35,000 Less: Total fixed cost 27,000 Operating Income $ 8.000 What would be additional operating income if Cutlass's sales were $60.000 higher than the budgeted level of sales? O $3,429 $18,000 O $24,000 O $15.000 Cutlass Company sells a single product. The company's controller prepared the following budgeted income statement for the coming year: Total Sales $140,000 Less: Total variable cost 105.000 Contribution margin 35,000 Less: Total fixed cost 27.000 Operating Income $ 8.000 What level of sales revenue would have to be generated to earn a target profit of $16,000? O $124,000 O $280,000 $200,000 $172,000 Cutlass Company sells a single product. The company's controller prepared the following budgeted income statement for the coming year: Total Sales $140,000 Less: Total variable cost 105,000 Contribution margin 35,000 Less: Total fixed cost 27.000 Operating Income $ 8.000 What is the margin of safety in sales dollars at Cutlass's budgeted level of sales? O $108,000 O $36,000 O $20,000 $32,000 Cutlass Company sells a single product. The company's controller prepared the following budgeted income statement for the coming year: Total Sales $140,000 Less: Total variable cost 105,000 Contribution margin 35,000 Less: Total fixed cost 27.000 Operating Income $ 8.000 What is the degree of operating leverage at Cutlass's budgeted level of sales (Round to the two decimal places if necessary)? O 0.23 O 0.25 0 4.38 0 4.00