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 | $ | 21,200 | ||||
Variable expenses | 12,400 | |||||
Contribution margin | 8,800 | |||||
Fixed expenses | 6,952 | |||||
Net operating income | $ | 1,848 | ||||
1. What is the contribution margin per unit 2. What is the contribution margin ratio? Round your percentage answer to 2 decimal places (i.e .1234 should be entered as 12.34). 3.
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