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
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- 22,400 Variable Expenses- 12,800 Contribution margin- 9,600 fixed expenses- 7,968 Net operating Income- 1,632 What is the variable expense ratio?
If sales decline to 900 units, what would be the net operating income?
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