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Required information The Foundational 1 5 ( Algo ) [ LO 6 - 1 , LO 6 - 3 , LO 6 - 4 ,

Required information
The Foundational 15(Algo)[LO6-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, LO6-8]
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[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 $ 75,000
Variable expenses 45,000
Contribution margin 30,000
Fixed expenses 22,800
Net operating income $ 7,200
Foundational 6-2(Algo)
2. What is the contribution margin ratio?Required information
The Foundational 15(Algo)[LO6-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, LO6-8]
[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):
Foundational 6-2(Algo)
What is the contribution margin ratio?
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