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Lobo, International has two divisions, Manufacturing and Retail which had the following operating results over the last two years:
Manufacturing
Division
Retail Division
Year 1
Year 2
Sales (in units)
5,000
6,500
2,000
2,400
Sales (in dollars)
$400,000
$520,000
$250,000
$300,000
Less cost of goods sold
290,000
353,000
160,000
192,000
Gross margin
110,000
167,000
90,000
108,000
Less selling and administrative expenses
50,000
59,000
52,000
56,000
Net operating income
$ 60,000
$108,000
$ 38,000
$ 52,000
Assume that the cost structure in each division above did not change over the two years. Use the high-low method as needed to estimate variable and fixed expenses.
Required:
a. Calculate the break-even point in sales dollars for each division.
b. Calculate the degree of operating leverage for the Manufacturing Division for each year.
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