View Policies Current Attempt in Progress The CVP income statements shown below are available for Armstrong Company and Contador Company Sales Variable costs Contribution margin Fixed costs Net income Armstrong Co. $499.000 242,000 257,000 157.000 $100,000 Contador Co. $499,000 46,000 453,000 353,000 $100,000 (1) Compute the gree of operating leverage for each company answers to 2 decimal places, c.8. 1.15.) Degree of Operating Leverage Armstrong Contador (b) Assuming that sales revenue increases by 10%, prepare a variable costing income statement for each company. Armstrong Company Contador Company