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Required information Skip to question [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on
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[The following information applies to the questions displayed below.]
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 | $ 100,000 |
---|---|
Variable expenses | 65,000 |
Contribution margin | 35,000 |
Fixed expenses | 30,100 |
Net operating income | $ 4,900 |
10. How many units must be sold to achieve a target profit of $21,000?
11. What is the margin of safety in dollars? What is the margin of safety percentage?
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