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Required information [The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume
Required information [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 Variable expenses Contribution margin Fixed expenses Operating incone $ 23,900 13,300 10,600 7,632 $ 2,968 11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.) Margin of safety 11-b. What is the margin of safety percentage? (Round your final answer to the nearest whole percentage (ie, .12 should be entered as 12).) Margin of safety %
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