Please do not give solution in image format thanku Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevantrange of production is 500 units to 1,500 units):SalesVariable expensesContribution marginFixed expensesNet operating income$ 21,20012,4008,8006,9521,848SRequired:Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 4% increase in sales? (Donot round intermediate calculations. Round your answer to 2 decimal places.)Percent increase in net operating income

Degree of operating leverage (DOL) is a method used to quantify a company’s operating risk. It is a…

Required: Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 4% increase in sales? (Do not round intermediate calculations, Round your answer to 2 decimal places.)

Required: Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 4% increase in sales? (Do not round intermediate calculations, Round your answer to 2 decimal places.)

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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Question

Please do not give solution in image format thanku

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
$ 21,200
12,400
8,800
6,952
1,848
S
Required:
Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 4% increase in sales? (Do
not round intermediate calculations. Round your answer to 2 decimal places.)
Percent increase in net operating income

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