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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 $ 35,000
Variable expenses 21,000
Contribution margin 14,000
Fixed expenses 8,400
Net operating income $ 5,600
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2. What is the contribution margin ratio? Contribution margin ratio 0

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