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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

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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 units (the relevant range of production is 500 units to 1,500 units) Sales Variable expenses $23,000 13,000 Contribution margin Fixed expenses 10,000 8,500 Net operating income s 1,500

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