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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
[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$15,000Variable expenses9,000Contribution margin6,000Fixed expenses3,120Net operating income$2,880
7. If the variable cost per unit increases by $1, spending on advertising increases by $1,050, and unit sales increase by 110 units, what would be the net operating income?
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