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Remo Company and Angelo Incorporated are separate companies that operate in the same industry. Following are variable costing income statements for the two companies

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Remo Company and Angelo Incorporated are separate companies that operate in the same industry. Following are variable costing income statements for the two companies showing their different cost structures: Sales revenue Less: Variable cost Contribution margin Less: Fixed cost Net operating income Required: Remo Company $ 345,000 225,000 $ 120,000 50,000 $ 70,000 Calculate each company's degree of operating leverage. Note: Round your answers to 3 decimal places. Angelo Incorporated $ 345,000 160,000 $ 185,000 115,000 $ 70,000 Remo Company Angelo Incorporated Degree of Operating Leverage

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