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Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format...

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Accounting

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Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows Percent of Sales 1008 408 608 Amount $ 138,000 55,200 82,800 17.000 $ 65,800 Sales Variable expenses Contribution margin Fixed expenses Net operating income Required: 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 26% increase in unit sales, 3. Construct a new contribution format income statement for the company assuming a 26% 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 Required 2 >

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