Required information[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 (therelevant range of production is 500 units to 1,500 units):Sales$ 10,000Variable expensesContribution marginFixed expenses5,5004,5002,250$4Net operating income2,2509. What is the break-even point in dollar sales?Break-even point

Break even point is computed by dividing the fixed cost by contribution per unit. Fixed cost=$2250…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 Variable expenses Contribution margin Fixed expenses Net operating income Foundational 6-11 (Static) $ 20,000 12,000 8,000 6,000 $ 2,000 11. What is the margin of safety in dollars? What is the margin of safety percentage? Answer is complete but not entirely correct. Margin of safety in dollars Margin of safety percentage %
Graham Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (1,000 units) Variable expenses Contribution margin Fixed expenses Net operating income O 0 units O 895 units The break-even point in unit sales is closest to: (Round your intermediate calculations to 2 decimal places.) 700 units $ 50,000 O 650 units 32,500 17,500 12,250 $ 5,250
Restate the following income statement in contribution margin format. (Round answers to 2 decimal places, e.g. 15.25 or 15.25%.) Sales ($59 per unit) $ 8,260.00 Less cost of goods sold ($40 per unit) 5,600.00 Gross margin 2,660.00 Less operating expenses: Salaries $839.00 Advertising 450.00 Shipping ($1.14 per unit) 159.60 1,448.60 Operating income $ 1,211.40 PER UNIT RATIO Select an income statement item $Enter a dollar amount $Enter a dollar amount enter percentages % Select between addition and deduction Select an opening name for section one : Select an income statement item $Enter a dollar amount…
Required information [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: $ 80,000 52,000 28,000 21,848 $ 6,160 15. Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $21,840 and the total fixed expenses are $52,000. 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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Required information [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 $ 40,000 26,000 14,000 8,680 $5,320 9. What is the break-even point in dollar sales? Break-even point
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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 S 24, 500 Variable expenses 13, 500 Contribution margin 11, 000 Fixed expenses 7, 700 Operating income $ 3, 300 7. If the variable cost per unit increases by $1.50, spending on advertising increases by S2, 000, and unit sales increase by 250 units, what would be the operating income? (Do not round intermediate calculations
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 $ 90,000 49,500 9. What is the break-even point in dollar sales? 40,500 33,210 $ 7,290
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