The richmond corporation uses the weighted-average method in its process costing system. the company has only a single processing department. the company's ending work in process inventory on august 31 consisted of 20,800 units. the units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. if the cost per equivalent unit for august was $3.45 for materials and $4.95 for labor and overhead, the total cost assigned to the ending work in process inventory was:

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.