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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 1000 units (the relevant range of production is 500 units to 1,500 units) $ 10,000 4,500 Variable expenses Contribution margin Fixed expenses Net operating income $ 2.250 15. Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $2.250 and the total faced expenses are $5,500. Given this scenario and assuming that total sales remain the same. Using the degree of calculated operating leverage, what is the estimated percent increase in net operating income of a 5% increase in sales? (Round your intermediate calculations and final answer to 2 decimal places.) Increase in net operating income
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