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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
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 $25,100 13,700 Contribution margin Fixed expenses 11,400 7,752 Operating income $ 3,648 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit 43 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 income $25,100 13,700 11,400 7,752 $ 3,648 2. What is the contribution margin ratio? (Round your percentage answer to 2 decimal places (.e.1234 should be entered as 12.34)). Contribution margin ratio % 07:33 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 income $25,100 13,700 11,400 7,752 $ 3,648 6. If the selling price increases by $1.80 per unit and the sales volume decreases by 100 units, what would be the operating income? (Do not round intermediate calculations.) Operating income of 7 07:24 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 income $25,100 13,700 11,400 7,752 $ 3,648 8. What is the break-even point in unit sales? (Do not round intermediate calculations.) Break-even point units art 5 of 7 04:07:14 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 income $25,100 13,700 11,400 7,752 $ 3,648 9. What is the break-even point in dollar sales? (Round intermediate calculations to 4 decimal places. Round your answer to the nearest dollar amount.) Break-even point 02 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 income $25,100 13,700 11,400 7,752 $ 3,648 10. How many units must be sold to achieve a target profit of $7,524? (Do not round intermediate calculations.) Number of units 17 of 7 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): 04:06:43 Sales Variable expenses Contribution margin Fixed expenses Operating income $25,100 13,700 11,400 7,752 $ 3,648 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 1%
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