Question: Oslo Company prepared the following contribution format !! statement based on a sales volume of 1,000 units (the relevant range of production is 500 units

 Oslo Company prepared the following contribution format !! statement based on

Oslo Company prepared the following contribution format !! statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 85, 000 Variable expenses 59, 500 Contribution margin 25, 500 Fixed expenses 20, 400 Net operating income $ 5, 100 Required: 5. If sales decline to 900 units, what would be the net operating income? Note: Round "Per Unit" calculations to 2 decimal places. Net operating income

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