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 | $ | 20,300 | ||
Variable expenses | 12,100 | |||
Contribution margin | 8,200 | |||
Fixed expenses | 6,232 | |||
Net operating income | $ | 1,968 | ||
|
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