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):
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10. How many units must be sold to achieve a target profit of $7,714? (Do not round intermediate calculations.)
Number of units: __________
11. What is the margin of safety in dollars? (Do not round intermediate calculations.)
Margin of safety: __________
12. What is the margin of safety percentage? (Round your final answers to the nearest whole percentage (i.e, .12 should be entered as 12).)
Margin of safety:__________%
Sales Varlable expenses $25,400 13,800 Contribution margin Flxed expenses 11,600 7,772 Net operating Income 3,828
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