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3-1 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
3-1
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 | $ | 80,000 |
Variable expenses | 52,000 | |
Contribution margin | 28,000 | |
Fixed expenses | 21,840 | |
Net operating income | $ | 6,160 |
Required:
What is the contribution margin per unit? (Round your answer to 2 decimal places.)
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