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The single-column CVP income statements shown below are available for Blossom Company and Crane Company. Crane Co. Sales Blossom Co. $ 507,000 239,000 $ 507,000

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The single-column CVP income statements shown below are available for Blossom Company and Crane Company. Crane Co. Sales Blossom Co. $ 507,000 239,000 $ 507,000 49,000 Variable costs Contribution margin Fixed costs 268,000 168,000 $ 100,000 458,000 358,000 $ 100,000 Net income (a1) Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.15.) Degree of Operating Leverage Blossom Crane (b) Assuming that sales revenue increases by 10% (due to a 10% increase in the number of units sold), prepare a single-column CVP income statement for each company. Blossom Company Crane Company . $

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