Question
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
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 | $ 105,000 |
|---|---|
| Variable expenses | 73,500 |
| Contribution margin | 31,500 |
| Fixed expenses | 27,720 |
| Net operating income | $ 3,780 |
11. What is the margin of safety in dollars? What is the margin of safety percentage?
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
