(Solved): The following CVP income statements are available for Crane Company and Cullumber Company: Calculat ...

The following CVP income statements are available for Crane Company and Cullumber Company: Calculate the break-even point in dollars and the margin of safety ratio for each company. (Round break-even point to the nearest whole dollar, e.8. 5,275 and margin of safety ratio to 2 decimal places, e.8. 15.25\%.) Calculate the break-even point in dollars and the margin of safety ratio for each company. (Round break-even point to the nearest whole dollar, e.8. 5,275 and margin of safety ratio to 2 decimal places, e.9. 15.25\%.) Calculate the degree of operating leverage for each company. (Round answers to 2 decimal places, e. \( 15.25 \). ) eTextbook and Media Assuming that sales revenue increases by \( 20 \% \), prepare a variable cost income statement for each company. Assuming that sales revenue increases by \( 20 \% \), prepare a variable cost income statement for each company.