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Required information The Foundational 15 (Algo) [LO2-1, LO2-3, LO2-4, LO2-5, LO2-6, LO2-7, LO2-8] [The following information applies to the questions displayed below.] Oslo Company
Required information The Foundational 15 (Algo) [LO2-1, LO2-3, LO2-4, LO2-5, LO2-6, LO2-7, LO2-8] [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): Sales Variable expenses Contribution margin Fixed expenses $ 45,000 31,500 13,500 8,640 Net operating income $ 4,860 Foundational 2-5 (Algo) Required: 5. If sales decline to 900 units, what would be the net operating income? Note: Round "Per Unit" calculations to 2 decimal places. Net operating income
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