Current Attempt in Progress The CVP Income statements shown below are available for Waterway Company and Crane Company Sales Variable costs Contribution margin Fixed costs Net income Waterway Co. Crane Co. $505,000 $505,000 247.000 49.000 258,000 456,000 158,000 356,000 $100,000 $100,000 (a1) Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, eg. 1.15) Degree of Operating Leverage Waterway Crane (b) Assuming that sales revenue increases by 10%, prepare a variable costing income statement for each company Waterway Company Crane Company $ Waterway Crane (b) Assuming that sales revenue increases by 10% prepare a variable costing income statement for each company Waterway Company Crane Company e Textbook and Media Submit Answer Attempts: 0 of 15 used Save for Later