@ Home - Liferay x Courses X Question 7 - Week 1 + X Acct 5331 Exercise 1-1 x @ Home - Liferay X Mail - Brenda Gutierre X (179,498 unread) - bre x + X @ https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducati... P Week 1 Homework Chapters 1 & 5 i Saved Help Save & Exit Submit Check my work 7 Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of 2 Amount Sales 100% points Sales $ 127,000 Variable expenses 50 , 800 40% Contribution margin 76, 200 60% eBook Fixed expenses 24, 000 Net operating income $ 52, 200 Hint Print Required: References 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 29% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 29% increase in unit sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the company's degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage Required 1 Required 2 > Mc Graw Type here to search O Hi P W 9 ? ~ 0 061 ENG 7:06 PM 3/21/2021@ Home - Liferay x Courses X Question 7 - Week 1 + X Acct 5331 Exercise 1-1 x @ Home - Liferay X Mail - Brenda Gutierre X (179,498 unread) - bre x + X @ https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducati... P Week 1 Homework Chapters 1 & 5 i Saved Help Save & Exit Submit Check my work 7 Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of 2 Amount Sales Sales $ 127,000 100% points Variable expenses 50 , 800 40% Contribution margin 76, 200 60% eBook Fixed expenses 24, 000 Net operating income $ 52, 200 Hint Print Required: References 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 29% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 29% increase in unit sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 29% increase in unit sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (i.e . 1234 should be entered as 12.34).) Net operating income by % Mc Graw Hill Type here to search P W 9 ? ~ 0 01)ENG 7:07 PM 3/21/2021@ Home - Liferay x Courses X Question 7 - Week 1 + X Acct 5331 Exercise 1-1 x @ Home - Liferay X Mail - Brenda Gutierre X (179,498 unread) - bre x + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252Fnewconnect.mheducati... P Week 1 Homework Chapters 1 & 5 i Saved Help Save & Exit Submit Check my work 7 Amount Sales Sales $ 127,000 100% Variable expenses 50, 800 40% Contribution margin 76, 200 60% Fixed expenses 24, 000 2 Net operating income $ 52, 200 points eBook Required: Hint 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 29% increase in unit sales. Print 3. Construct a new contribution format income statement for the company assuming a 29% increase in unit sales. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Construct a new contribution form income statement for the company assuming a 290/0 increase in unit sales. Engberg Company Contribution Income Statement Amount Percent of Sales % Mc Graw Hill Type here to search P W 9 ? ~ 0 01)ENG 7:07 PM 3/21/2021