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 $ 23,300 13, 100 10, 200 7.548 $ 2,652 H/ How many units must be sold to achieve a target profit of $6,426? (Do not round intermediate calculations.) Number of units
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 $ 23,300 13, 100 10, 200 7.548 $ 2,652 H/ How many units must be sold to achieve a target profit of $6,426? (Do not round intermediate calculations.) Number of units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format thanku
![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
$ 23,300
13, 100
10, 200
7.548
$ 2.652
H/How many units must be sold to achieve a target profit of $6,426? (Do not round intermediate calculations.)
Number of units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F99c93fba-f5c9-4e64-b185-8f4e4bbd51f0%2F2870ebd2-b684-4c98-90a6-ec9229bdcaf3%2Fpiyhf3b_processed.jpeg&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
$ 23,300
13, 100
10, 200
7.548
$ 2.652
H/How many units must be sold to achieve a target profit of $6,426? (Do not round intermediate calculations.)
Number of units
Transcribed Image Text:What is the margin of safety in dollars? (Do not round intermediate calculations.)
Margin of safety
mas What is the margin of safety percentage? (Round your final answer to the nearest whole percentage (i.e. .12 should be entered
as 12).)
Margin of safety
%
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