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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$ 100,000Variable expenses65,000Contribution margin35,000Fixed expenses30,100Net operating income$ 4,900

12. What is the degree of operating leverage?

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