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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$65,000
Variable expenses45,500
Contribution margin19,500
Fixed expenses14,040
Net operating income$5,460
If the selling price increases by $2 per unit and the sales volume decreased by 100 units, what would be the net operating income?
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