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 | $ | 70,000 |
| Variable expenses | 38,500 | |
| Contribution margin | 31,500 | |
| Fixed expenses | 23,310 | |
| Net operating income | $ | 8,190 |
5. If sales decline to 900 units, what would be the net operating income?
10. How many units must be sold to achieve a target profit of $18,900?
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