The following single-column CVP income statements are available for Cullumber Company and Ivanhoe Company. Cullumber Company...

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The following single-column CVP income statements are available for Cullumber Company and Ivanhoe Company. Cullumber Company Ivanhoe Company Sales $420,000 $420,000 Variable costs 231,000 168,000 Contribution margin 189,000 252,000 Fixed costs 142,800 226,800 Net income $46,200 $25,200 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company LINK TO TEXT VIDEO: SIMILAR PROBLEM Compute break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 1,225.) Break-even Point Blanc Company 2$ Noir Company 2$ Compute margin of safety ratio for each company. (Round answers to 3 decimal places, e.g. 0.321.) Margin of Safety Ratio Blanc Company Noir Company Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, e.g. 1.5.) Degree of Operating Leverage Blanc Company Noir Company Assuming that sales revenue increases by 20%, 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). Round answers to 0 decimal places, e.g. 1,225.) Blanc Company Noir Company Sales %24 Variable costs Contribution margin Fixed costs Net income / (Loss) Assuming that sales revenue decreases by 20%, 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). Round answers to 0 decimal places, e.g. 1,225.) Blanc Company Noir Company Sales 24 Variable costs Contribution margin Fixed costs Net income / (Loss) The following single-column CVP income statements are available for Cullumber Company and Ivanhoe Company. Cullumber Company Ivanhoe Company Sales $420,000 $420,000 Variable costs 231,000 168,000 Contribution margin 189,000 252,000 Fixed costs 142,800 226,800 Net income $46,200 $25,200 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company LINK TO TEXT VIDEO: SIMILAR PROBLEM Compute break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 1,225.) Break-even Point Blanc Company 2$ Noir Company 2$ Compute margin of safety ratio for each company. (Round answers to 3 decimal places, e.g. 0.321.) Margin of Safety Ratio Blanc Company Noir Company Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, e.g. 1.5.) Degree of Operating Leverage Blanc Company Noir Company Assuming that sales revenue increases by 20%, 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). Round answers to 0 decimal places, e.g. 1,225.) Blanc Company Noir Company Sales %24 Variable costs Contribution margin Fixed costs Net income / (Loss) Assuming that sales revenue decreases by 20%, 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). Round answers to 0 decimal places, e.g. 1,225.) Blanc Company Noir Company Sales 24 Variable costs Contribution margin Fixed costs Net income / (Loss)

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E 10 1 11 Contribution margin ratio 12 Contribution margin sales 13 14 Blanc Noir Contribution margi... View the full answer