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The Foundational 15 (Algo) (L06-1, LO6-3, LO6-4, LO6-5, L06-6, LO6-7, LO6-8) (The following information applies to the questions displayed below.) Osio Company prepared the following
The Foundational 15 (Algo) (L06-1, LO6-3, LO6-4, LO6-5, L06-6, LO6-7, LO6-8) (The following information applies to the questions displayed below.) Osio 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): $ 20,000 Variable expenses 13.000 Contribution margin Fixed expenses 3.780 Net operating income Sales 7,000 $ 3,220 Foundational 6-13 (Algo) 13. Using the degree of operating leverage, what is the estimated percent increase in net operating income of 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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