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The following CVP income statements are available for Cullumber Corp. and Ivanhoe, Inc. CullumberCorp. Ivanhoe, Inc. Sales revenue $742,000 $742,000 Variable costs 371,000 225,250
The following CVP income statements are available for Cullumber Corp. and Ivanhoe, Inc. CullumberCorp. Ivanhoe, Inc. Sales revenue $742,000 $742,000 Variable costs 371,000 225,250 Contribution margin 371,000 516,750 Fixed costs 238,500 384,250 Net income $132,500 $132,500 (a) Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, e.g. 15.5.) Degree of Operating Leverage Cullumber Ivanhoe
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