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. Variable expenses Contribution margin Fixed expenses Net operating income Required: 2. What is the contribution margin ratio? $ 60,000 39,000 21,000 14,700 $ 6,300

Osio 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): Required: 2. What is the contribution margin ratio