Singh Co. reports a contribution margin of $928,000 and fixed costs of $696,000. (1) Compute the company's degree of operating leverage. (2) If sales increase by 15%, what amount of income will Singh Co. expect? Degree of operating leverage 61,866 Percent change in income 15 % Amount of income reported $ 928,000 Zhao Co. has fixed costs of $342,200. Its single product sells for $173 per unit, and variable costs are $115 per unit. The company expects sales of 10,000 units. Prepare a contribution margin income statement for the year ended December 31, 2019. ZHAO CO Contribution Margin Income Statement Sales Variable costs Contribution margin 0 Fixed costs Net income $ 0 16 of 19 Next> 8:42 PM 10/13/2019 TT