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Oslo Company prepared the following contribution format income statement based on a sales volume of...

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Accounting

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 $ 45,000
Variable expenses 31,500
Contribution margin 13,500
Fixed expenses 8,640
Net operating income $ 4,860

What is the degree of operating leverage?

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