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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 Variable expenses Contribution margin Fixed expenses Net operating income $ 24,800 13,600 11,200 7.728 5 3,472 Required: If sales increased to 1.001 units, what would be the increase in net operating income? (Round your answer to 2 decimal places.) Increase in the operating income

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