The CVP income statements shown below are available for Billings Company and Bozeman Company. Billings Co. Bozeman Co. $ 848,000 $ 848,000 Sales revenue Variable costs Contribution margin 354,000 166,000 494,000 682,000 Fixed costs 394,000 582,000 Operating income $ 100,000 $ 100,000 Your answer is correct. Calculate the degree of operating leverage for each company. (Round answer to 2 decimal places, e Operating leverage Billings Co. 4.94 Bozeman Co. 6.82 e Textbook and Media (b) Assuming that sales revenue increases by 10%, prepare a variable costing income statement for each company. Billings and Bozeman Companies CVP Income Statements Billings Bozeman