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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 | $ 100,000 |
---|---|
Variable expenses | 65,000 |
Contribution margin | 35,000 |
Fixed expenses | 30,100 |
Net operating income | $ 4,900 |
If sales increase to 1,001 units, what would be the increase in net operating income?
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