3-5 Oslo Company prepared the following contribution format income statement based on a...
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Accounting
3-5
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 | $ | 80,000 |
| Variable expenses | 52,000 | |
| Contribution margin | 28,000 | |
| Fixed expenses | 21,840 | |
| Net operating income | $ | 6,160 |
If sales decline to 900 units, what would be the net operating income?
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