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The following CVP income statements are available for Chantal Corp. and Mantle, Inc. Chantal Corp. Mantle, Inc. Sales $ 700,000 $ 200,000 Variable costs 350,000
The following CVP income statements are available for Chantal Corp. and Mantle, Inc. Chantal Corp. Mantle, Inc. Sales $ 700,000 $ 200,000 Variable costs 350,000 210,000 Contribution margin 350,000 490,000 Fixed costs 225,000 365,000 Net income $ 125,000 $ 125,000 (3} Compute the degree of operating leverage for each company. [Round answers to 1 decimal place. 2.3. 15.5.) Degree of Operating Leverage Chantal Mantle
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