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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

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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): 5.500 Sales Variable expenses Contribution margin Fixed expenses Net operating income 13. Using the degree of 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 incomo

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