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 Operating income $21,200 12,400 8,800 6,952 $ 1,848 11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.) Margin of safety 11-b. What is the margin of safety percentage? (Round your final answer to the nearest whole percentage (i.e, .12 should be ente as 12).) Margin of safety %
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 Operating income $21,200 12,400 8,800 6,952 $ 1,848 11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.) Margin of safety 11-b. What is the margin of safety percentage? (Round your final answer to the nearest whole percentage (i.e, .12 should be ente as 12).) Margin of safety %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
am.106.
![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
Operating income
Margin of safety
11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.)
$21,200
12,400
Margin of safety
8,800
6,952
$ 1,848
11-b. What is the margin of safety percentage? (Round your final answer to the nearest whole percentage (i.e, .12 should be entered
as 12).)
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9dd71bc9-0b49-44db-ae15-61d160947d8e%2F7870cba1-738f-4b47-8349-68b8c0154ba2%2Fuw1sfy_processed.png&w=3840&q=75)
Transcribed Image Text: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
Operating income
Margin of safety
11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.)
$21,200
12,400
Margin of safety
8,800
6,952
$ 1,848
11-b. What is the margin of safety percentage? (Round your final answer to the nearest whole percentage (i.e, .12 should be entered
as 12).)
%
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