Question 13 The following CVP income statements are available for Oldham Company and Newton Company: Sales revenue Variable costs Contribution margin Fixed costs oldham Company $380,000 228,000 152,000 102,000 $50,000 Newton Company $380,000 76,000 304,000 254,000 $50,000 Operating income Calculate the break-even point in dollars and the margin of safety ratio for each company. (Round break-even point to the nearest whole dollar, e.g. 5,275 and margin of safety ratio to 2 decimal places, e.g. 15.25%.) Oldham Company Newton Company Break-even point $ $ Margin of safety ratio % % Calculate the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 15.25.) Oldham Company Newton Company LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Assuming that sales revenue increases by 20%, prepare a variable cost income statement for each company. Oldham Company Newton Company $ $ V $ $ Assuming that sales revenue decreases by 20%, prepare a variable cost income statement for each company. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) oldham Company Newton Company $ $ $