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$80,000Variable expenses52,000Contribution margin28,000Fixed expenses21,840Net operating income$6,160
11. What is the margin of safety in dollars?_______
What is the margin of safety percentage?_______
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Financial Accounting Fundamentals With Connect Plus
Authors: John Wild
4th Edition
77785932, 978-0077785932
