Required information [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format Income statement based on a sales volume of 1.000 units (the relevant range of production is 500 units to 1.500 units): Sales Variable expenses Contribution margin Fixed expenses $ 95,eee 57.000 38,800 31,920 $ 6,080 Net operating income 12. What is the degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage How many pounds of materials should be purchased in June? (Assuming that budgeted production needs for July are 115,000 pounds.) O 142,000 pounds 0 145,000 pounds O 156,400 pounds O 158,000 pounds Assuming an hourly rate of $10 per hour, what would be the total budgeted direct labor costs for April? $26.000 O $13,000 Completing the manufacturing overhead budget relies upon the other budgets already completed. True False