The following CVP Income statements are available for Oldham Company and Newton Company: Oldham Company Newton Company $420,000 $420,000 210,000 84,000 Sales revenue Variable costs Contribution margin Fixed costs 210,000 336,000 286,000 160,000 $50,000 Operating income $50,000 X Your answer is incorrect. Calculate the break-even point in dollars and the margin of safety ratio for each company. (Round break-even point to the neares whole dollar, eg. 5,275 and margin of safety ratio to 2 decimal places, e.g. 15.25%.) Oldham Company Newton Company Break-even point 2,400,000 $ 2.400,000 20% 4096 Margin of safety ratio % % Calculate the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 15.25.) Oldham Company 4.00 Newton Company 8.00 eTextbook and Media Question Part Score 0/2 Your answer is partially correct. Assuming that sales revenue increases by 20%, prepare a variable cost income statement for each company. Oldham Company Newton Company 360,000 $ Fixed costs 840,000 20% 40% Contribution margin 12400.000 2400,000 Assuming that sales revenue decreases by 20%, prepare a variable cost income statement for each company. (Enter loss using elther a negative sign preceding the number e... -45 or parentheses es. (451) Oldham Company Newton Company Contribution margin 120.000 120,000 Fixed costs 24,000 24,000 360,000 Contribution margin 840,000 Less 2.100.000 Sales 1.800.000 $ 2.400.000 2.400,000 Contribution marein e Textbook and Media