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Please show work. I am so confused Folowing is the income statement for Monet Mufflers for the month of June 2024 Click the icon to
Please show work. I am so confused
Folowing is the income statement for Monet Mufflers for the month of June 2024 Click the icon to view the contribution margin income statement.) Read the requirements Requirement 1. Calculate the degree of operating leverage. (Round to four decimal places) Select the labels and enter the amounts to calculate the degree of operating leverage for Monet for Contribution margin Operating income Degree of operating leverage 5 15.000 3.000 5.0000 Requirement 2. Use the degree of operating leverage calculated in Requirement to estimate the change in operating income total sales increase by 10% (souming no change in sale priceperunt Round me decimal places and final answer to the nearest dollar) The estimated change in operating income will be 150,000 Requirements Data Table 1. Calculate the degree of operating leverage (Round to four decimal places) 2. Use the degree of operating leverage calculated in Requirement to estima the change in operating income sales increase by 10% assuming no change in sales price per unit). (Round interim calculations to four dem places and finanswer to the nearest dollar) 3. Verily your answer in Requirement 2 by preparing a continution margin income statement with the total sales increase of 10% Monet Mufflers Contribution Margin Income Statement Month Ended June 30, 2024 Net Sales Revenue (300 units $100 per unit) $ Variable Costs (300 units $50 per unit) Contribution Margin Fixed Costs S Operating Income 30,000 15,000 Print Dona 15,000 12.000 3.000 Enter any number in the Clear All Final 1 part remaining 1 G Search or type URL $ 4 %6 5 & 7 6 8 9 0 2 3 w E R Y T U Step by Step Solution
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