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Oslo Company prepared the following contribution format income statement based on a sales volume of 1 , 0 0 0 units ( the relevant range


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 $ 55,000

Variable expenses 33,000

Contribution margin 22,000

Fixed expenses 14,960

Net operating income $ 7,040

Required:

If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the net operating income?


Note: Round "Per Unit" calculations to 2 decimal places.


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