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The Foundational 15 [LO5-1, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7, LO5-8] [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution
The Foundational 15 [LO5-1, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7, LO5-8]
[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 | $ | 20,000 |
Variable expenses | 12,000 | |
Contribution margin | 8,000 | |
Fixed expenses | 6,000 | |
Net operating income | $ | 2,000 |
Foundational 5-11
11. What is the margin of safety in dollars? What is the margin of safety percentage?
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