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 11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.) Margin of safety $25,700 13,900 11,800 7,788 $ 4,012 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).) 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 11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.) Margin of safety $25,700 13,900 11,800 7,788 $ 4,012 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).) Margin of safety %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Alpesh
![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
11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.)
Margin of safety
$ 25,700
13,900
11,800
7,788
$ 4,012
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).)
Margin of safety
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe4d7ed71-d5f8-4b15-afa5-a5e7f718dbe1%2Fce59d27d-f2e8-421d-bda5-b90c1b27f3e0%2Fsr55lb7_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
11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.)
Margin of safety
$ 25,700
13,900
11,800
7,788
$ 4,012
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).)
Margin of safety
%
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