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 $ 100,000 Variable expenses   65,000 Contribution margin   35,000 Fixed expenses   30,100 Net operating income $ 4,900     11. What is the margin of safety in dollars? What is the margin of safety percentage?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 $ 100,000
Variable expenses   65,000
Contribution margin   35,000
Fixed expenses   30,100
Net operating income $ 4,900
 

 

11. What is the margin of safety in dollars? What is the margin of safety percentage?

 

 

 

 

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