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 | $ | 22,700 | ||||||||
Variable expenses | 12,900 | |||||||||
Contribution margin | 9,800 | |||||||||
Fixed expenses | 8,232 | |||||||||
Net operating income | $ | 1,568 | ||||||||
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