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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 $ 24,200
Variable expenses 13,400
Contribution margin 10,800
Fixed expenses 7,668
Operating income $ 3,132

11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.)

11-b. What is the margin of safety percentage? (Round your final answer to the nearest whole percentage (i.e, .12 should be entered as 12).)

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