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Requlred Information The following information applies to the questions displayed below) Oslo Company prepared the following contribution format Income statement based on a sales volume
Requlred 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 Variable expenses Contribution margin Fixed expenses Net operating income $80,000 52,000 28,000 21,840 $ 6,160 3. What is the variable expense ratio? Variable expense ratio %
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