The following single-column CVP income statements are available for Sunland Company and Carla Vista Company. Sunland Company Carla Vista Company Sales $ 470,000 $ 470,000 Variable costs 258,500 188,000 Contribution margin 211,500 282,000 Fixed costs 159,800 253,800 Net income $ 51,700 $ 28,200 (a 1) Your answer is correct. Calculate contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Sunland Company 0.45 Carla Vista Company 0.60 eTextbook and Media Attempts: 1 of 5 used (a2) Your answer is correct. Compute the break-even point in sales dollars for each company. (Round answers to O decimal places, e.g. 5,125.) Break-even Point Sunland Company $ 355111 Carla Vista Company $ 423000Margin of Safety (Actual Sales - Break-even Sales) Sales Ratio Sunland Company ($470,000 - $355,111) $470,000 0.244 Carla Vista Company ($470,000 - $423,000) $470,000 0.100 (Sunland: ($470,000 - $355,111) + $470,000 - 0.244) (Sunland: (Act. sales $ - BEP in $) + Act. sales $ - MOS ratio) (Carla Vista: ($470,000 - $423,000) + $470,000 - 0.100) (Carla Vista: (Act. sales $ - BEP in $) + Act. sales $ - MOS ratio) Attempts: 5 of 5 used 1) V Your answer is correct. Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.56.) Degree of Operating Leverage Sunland Company 4.091 Carla Vista Company 10 eTextbook and Media Attempts: 1 of 5 used Your answer is correct. Assuming that sales revenue increases by 20% due to an increase in sales quantity, prepare a CVP income statement for each company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sunland Company Carla Vista Company Sales 564,000 564,000 Variable Costs 310,200 225,600 Contribution Margin 253,800 338,400 Fixed Costs 159,800 i 253,800 i Net Income/(Loss) V 94,000 $ 84.600Assuming that sales revenue decreases by 20% due to a decrease in sales quantity, prepare a CVP income statement for each company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sunland Company Carla Vista Company Sales V $ Variable Costs v Contribution Margin V Fixed Costs v Net Income/(Loss) V $ $