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 Margin of safety $ $ Required: a. What is the margin of safety in dollars? (Do not round intermediate calculations.) Margin of safety 24,800 13,600 11, 200 7,728 3,472 b. What is the margin of safety percentage? %

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): Required: a. What is the margin of safety in dollars? (Do not round intermediate calculations.) b. What is the margin of safety percentage