Question: Need some help with the last question c). thanks! The following single-column CVP income statements are available for Sunland Company and Carla Vista Company. Sunland

Need some help with the last question c). thanks!

Need some help with the last question c). thanks! The following single-columnCVP income statements are available for Sunland Company and Carla Vista Company.

The following single-column CVP income statements are available for Sunland Company and Carla Vista Company. Sunland Company Carla Vista Company Sales $ 470,000 $ 470,000 Variable costs 258,500 188,000 Contribution margin 211,500 282,000 Fixed costs 159,800 253,800 Net income $ 51,700 $ 28,200 (a 1) V Your answer is correct. Calculate contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Sunland Company 0.45 Carla Vista Company 0.60 e Textbook and Media Attempts: 1 of 5 used (a2) Your answer is correct. Compute the break-even point in sales dollars for each company. (Round answers to O decimal places, e.g. 5,125.) Break-even Point Sunland Company 355111 Carla Vista Company $ 423000 e Textbook and Media Attempts: 1 of 5 usedMargin of Safety (Actual Sales - Break-even Sales) Sales Ratio Sunland Company ($470,000 - $355,111) $470,000 0.244 Carla Vista Company ($470,000 - $423,000) $470,000 0.100 (Sunland: ($470,000 - $355,111) + $470,000 = 0.244) (Sunland: (Act. sales $ - BEP in $) + Act. sales $ = MOS ratio) (Carla Vista: ($470,000 - $423,000) = $470,000 = 0.100) (Carla Vista: (Act. sales $ - BEP in $) + Act. sales $ = MOS ratio) Attempts: 5 of 5 used (b1) V Your answer is correct. Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.56.) Degree of Operating Leverage Sunland Company 4.091 Carla Vista Company 10 eTextbook and Media Attempts: 1 of 5 used (c) Assuming that sales revenue increases by 20% due to an increase in sales quantity, 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).) Sunland Company Carla Vista Company $ V $ $

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