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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 $420,000 273,000 $ 147,000 50,000 $ 97,000 Angelo Incorporated $420,000 180,000 $ 240,000 143,000 $ 97,000 Calculate each company's degree of operating leverage. Note: Round your answers to 3 decimal places. Remo Company Angelo Incorporated Degree of Operating Leverage

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