s !Required informationThe Foundational 15 (Algo) [LO6-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, LO6-8][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):SalesVariable expensesContribution marginFixed expensesNet operating income$ 65,00045,500Degree of operating leverage19,50014,040$ 5,460Foundational 6-14 (Algo)14. Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assumethat the total variable expenses are $14,040 and the total fixed expenses are $45,500. Under this scenario and assuming that totalsales remain the same, what is the degree of operating leverage? (Round your answer to 2 decimal places.)

Variable cost Depends upon the production of goods or services that is increment of sales increases…

Required information The Foundational 15 (Algo) [LO6-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, LO6-8] [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 Foundational 6-14 (Algo) $ 65,000 45,500 Degree of operating leverage 19,500 14,040 $ 5,460 14. Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assum that the total variable expenses are $14,040 and the total fixed expenses are $45,500. Under this scenario and assuming that total sales remain the same, what is the degree of operating leverage? (Round your answer to 2 decimal places.)