Oslo Company prepared the following contribution format income statement based on a sales volume 1000...
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Accounting
Oslo Company prepared the following contribution format income statement based on a sales volume 1000 unit (the relevant range of production is 500 units to 1,500 units):
Sales $20,000
Variable expenses 13000
Contribution margin 7,000
Fixed expense 3,780
Net operating income $ 3,220
What is the degree of operating leverage?
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