View Policies Show Attempt History Current Attempt in Progress 3.5/10 E-Z Seats manufactures swivel seats for customized vans. It currently manufactures 10.800 seats per year, which it selsfor 5600 per seat. It incurs variable costs of $276 per seat and fixed costs of $2,624 400. It is considering automating the upholstery process, which is now largely manual. It estimates that if it does so, its fixed costs will be 54.147.200, and its variable costs will decline to $120 per seat. Answer the following questions Your answer is partially correct Prepare a CVP Income statement based on current activity, Your answer is partially correct. Prepare a CVP income statement based on current activity Sales $ 5480000 Variable costs 2900800i Contribution Margir 3499200 Feed Costs 262.400 S 874800 Net income Loss SSY O e ED o 3.5/10 x Your answer is incorrect. Compute contribution margin ratio, break-even point in dollars, margin of safety ratio, and degree of operating leverage based on current activity. (Round margin of safety ratio and degree of operating leverage to I decimal place, e3. 2.5% or 2.5 and break even point in dollars to decimal places, eg. 2.520) 1 Contribution margin ratio X Break-even point in dollars 5 Margin of safety ratio 36 Degree of operating leverage SSF Question 3 of 4 3.57 10 Your answer is partially correct. Prepare a CVP income statement assuming that the company invests in the automated upholstery system, Sales Variable Cases Contribution Marcin LOTTE Fred Costs Net Income/ossd 55F Clear 3.3 IU * Your answer is incorrect. Compute contribution margin ratio, break-even point in dollars, margin of safety ratio, and degree of operating leverage assuming the new upholstery system is implemented. (Round degree of operating leverage to 1 decimal place, 3.25) Contribution margin ratio Break-even point in dollars $ Margin of safety ratio Degree of operating leverage Attempts: 1 of 3 used Submit Art