2 . Based on the income statements shown below . which division has the cost structure with the lowest operating leverage ? Soft Drinks Bottled Water Fruit Juices Reverie $50 090 850 090 $50 010 Variable costs 10900 5090 ) 30 90 0 ) Contribution margin 40 090 45010 20 090 Fixed costs 30 010 ) 40 010 ) 10 090 ) Net income $10 090 it ODD 810 010 a Bottled Water b . Fruit Juices C. Soft Drinks d . The three divisions have identical operating leverage