For a college student who wishes to calculate the true costs of going to college, the costs of room and board Group of answer choices should be counted in full, regardless of the costs of eating and sleeping elsewhere. should be counted only to the extent that they are more expensive at college than elsewhere. usually exceed the opportunity cost of going to college. plus the cost of tuition, equals the opportunity cost of going to college.

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.