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
[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 $ 80,000 52,000 28,000 21,840 Net operating income $ 6,160 Fixed expenses Foundational 6-13 (Algo) 13. Using the degree of operating leverage, what is the estimated percent increase in net operating income that would result from a 5% increase in unit sales? (Round your intermediate calculations and final answer to 2 decimal places.) Increase in net operating income %
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