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The following CVP income statements are available for Crane Corp. and Cullumber, Inc. CraneCorp. Cullumber, Inc. Sales revenue $574,000 $574,000 Variable costs 266.500 153,750

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The following CVP income statements are available for Crane Corp. and Cullumber, Inc. CraneCorp. Cullumber, Inc. Sales revenue $574,000 $574,000 Variable costs 266.500 153,750 Contribution margin 307,500 420,250 Fixed costs 205,000 317,750 Net income $102,500 $102,500 (a) Your answer has been saved. See score details after the due date Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, as 15.5) Crane Degree of Operating Leverage 3 Cullumber (b) Assume that sales revenue decreases by 20%. Prepare a CVP income statement for each company (Do not calculations) Sales Revere Variable Couts Contribution Margo Fixed Cots CraneCorp Cullumber, Inc

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