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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 $ 24, 200 Variable expenses 13, 400 Contribution margin 10, 800 Fixed expenses 7, 668 Operating income $ 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[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.) Margin of safety 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).) Margin of safety
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