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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 $ 24,200
Variable expenses 13,400
Contribution margin 10,800
Fixed expenses 7,668
Net operating income $ 3,132

1.How many units must be sold to achieve a target profit of $6,966? (Do not round intermediate calculations.) Number of units______?

2..What is the margin of safety in dollars? (Do not round intermediate calculations.) Margin of Safety____?

3.What is the margin of safety percentage? (Round your final answers to the nearest whole percentage (i.e, .12 should be entered as 12).) MArgin of safety _______%?

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