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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 Contribution margin Fixed expenses operating income $ 24,200 13,400 10,800 7,668 $ 3,132 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit 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 $ 24,200 13,400 10,800 7,668 $ 3,132 2. What is the contribution margin ratio? (Round your percentage answer to 2 decimal places (le .1234 should be entered as 12.34)). Contribution margin ratio 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 $ 24,200 13,400 10,800 7,668 $ 3,132 6. If the selling price Increases by $2.40 per unit and the sales volume decreases by 100 units, what would be the operating income? (Do not round Intermediate calculations.) Operating income 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 $ 24,200 13,400 10,800 7,668 $ 3,132 8. What is the break-even point in unit sales? (Do not round Intermediate calculations.) Break-even point units 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 $ 24,200 13,400 10,800 7,668 $ 3,132 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 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 $ 24,200 13,400 10,800 7,668 $ 3,132 10. How many units must be sold to achieve a target profit of $6,966? (Do not round Intermediate calculations.) Number of units 7:03 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 $ 24,200 13,400 10,800 7,668 $3,132 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 (1.e, 12 should be entered as 12).) Margin of safety %
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