Question 26 View Policies Current Attempt in Progress The CVP income statements shown below are available for Armstrong Company and Contador Company. Sales Variable costs Contribution margin Fixed costs Net income Armstrong Co. Contador Co. $495,000 $495,000 239,000 51,000 256,000 444,000 156,000 344,000 $100,000 $100,000 (a 1) Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, eg. 1.15.) Degree of Operating Leverage Armstrong Contador (b) Assuming that sales revenue increases by 10%, prepare a variable costing income statement for each company. Armstrong Company Contador Company Save for Later Assignment sent to Gradebook. Your grade is being record