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The Foundational 15 (LO6-1, LO6-3, LO6-4, LO6-5, L06-6, LO6-7, LO6-8) (The following information applies to the questions displayed below.) Oslo Company prepared the following contribution
The Foundational 15 (LO6-1, LO6-3, LO6-4, LO6-5, L06-6, LO6-7, LO6-8) (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 Variable expenses Contribution margin Fixed expenses Net operating income $ 20,000 12,000 8,000 6,000 $ 2,000 9. What is the break-even point in dollar sales? Break-even point 10. How many units must be sold to achieve a target profit of $5,000? Number of units 11. What is the margin of safety in dollars? What is the margin of safety percentage? Margin of safety in dollars Margin of safety percentage % 12: What is the degree of operating leverage? Degree of operating leverage
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