QUESTION 34 Students are currently working in groups to complete the Group Project. What stages has your team completed? In
your answer identify and define the "phase" the team completed. Also identify the three meeting documents used to
(1) outline requirements and goal of the project: (2) conduct the meeting (3) keep a record of what took place and
what was agreed upon in this first meeting.
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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.