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USE THE FOLLOWING INFORMATION FOR THE NEXT 3 QUESTIONS Below is an income statement for XYZ Company for 2020: Sales $400,000 Variable costs (150,000 Contribution

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USE THE FOLLOWING INFORMATION FOR THE NEXT 3 QUESTIONS Below is an income statement for XYZ Company for 2020: Sales $400,000 Variable costs (150,000 Contribution margin $250,000 Fixed costs (200.000 Net Income $ 50,000 37. Calculate breakeven sales dollars for XYZ Company using the Y-formula. A. $220,000 B. $320,000 C. $350,000 D. $270,000 38. The degree of leverage (DOL) for XYZ Company in 2020 is equal to what amount? A. 1.0 B. 2.0 C. 3.0 D. 4.0 E. 5.0

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