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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

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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 to 1,500 units): Sales $ 21, 800 Variable expenses 12, 600 Contribution margin 9, 200 Fixed expenses 7,452 Operating income $ 1, 748

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