Question
3-2 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
3-2
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 |
What is the contribution margin ratio?
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Auditing And Assurance Services
Authors: Louwers, Timothy Louwers
5th Edition
0078025443, 978-0078025440
