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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 $ 20,600 Variable expenses 12,200 Contribution margin 8,400 Fixed expenses 6,468 Net operating income $ 1,932 Required: a. What is the margin of safety in dollars? (Do not round intermediate calculations.) Margin of safety $ b. What is the margin of safety percentage?

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