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The CVP income statements shown below are available for Armstrong Company and Contador Company.
Armstrong Co.
Contador Co.
Sales
$500,000
Variable costs
240,000
50,000
Contribution margin
260,000
450,000
Fixed costs
160,000
350,000
Net income
$100,000
Instructions
(a) Compute the degree of operating leverage for each company and interpret your results.
(b) Assuming that sales revenue increases by 10%, prepare a variable costing income statement for each company.
(c) Discuss how the cost structure of these two companies affects their operating leverage and profitability.
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