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 --> $20,000
Variable Expenses --> 12,000
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Contribution Margin --> 8,000
Fixed Expenses --> 6,000
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Net operating income --> $2,000
12.) What is the degree of operating leverage?
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