Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units
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Question:
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):
Sales $ 25,700
Variable expenses 13,900
Contribution margin 11,800
Fixed expenses7,788
Net operating income $ 4,012
a. What is the margin of safety in dollars? (Do not round intermediate calculations.)
b. What is the margin of safety percentage? (Round your final answers to the nearest whole percentage (i.e, .12 should be entered as 12).)
Related Book For
Introduction to Managerial Accounting
ISBN: 978-0078025792
7th edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
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