Required information [The following information applies to the questions displayed below.] Oslo Company prepared the following...

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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 of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales. Variable expenses Contribution margin Fixed expenses Net operating income $ 20,000 12,000 8,000 6,000 $.2,000 1. What is the margin of safety in dollars? What is the margin of safety percentage? Margin of safety in dollars Margin of safety percentage % 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 Net operating income $ 20,000 12,000 8,000 6,000 $.2,000 1. What is the margin of safety in dollars? What is the margin of safety percentage? Margin of safety in dollars Margin of safety percentage %