80.2K

Verified Solution

Link Copied!

please help me answer with the numbers in the problem.

Required information The Foundational 15 (Algo) (L06-1, LO6-3, L06-4, LO6-5, LO6-6, LO6-7, LO6-8) (The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Het operating income $ 85,000 59,500 25,500 20,400 $ 5,100 Foundational 6-1 (Algo) Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit Required information The Foundational 15 (Algo) (L06-1, L06-3, L06-4, LO6-5, LO6-6, L06-7, LO6-8) (The following information applies to the questions displayed below.) 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 $ 85,000 Variable expenses 59,500 Contribution margin 25,500 Fixed expenses 20,400 Het operating incona $ 5,100 Foundational 6-2 (Algo) 2. What is the contribution margin ratio? Contribution margin ratio % Required information The Foundational 15 (Algo) (LO6-1, LO6-3, L06-4, LO6-5, L06-6, LO6-7, LO6-8) The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1000 units (the relevant range of production is 500 units to 1,500 units): Salen Variable expenses Contribution margin Tixed expenses Net operating income $ 85,000 59.500 25,500 20,400 $ 5,100 Foundational 6-3 (Algo) 3. What is the variable expense ratio? Variable pentru % Required Information The Foundational 15 (Algo) (LO6-1, LO6-3, LO6-4, LO6-5, L06-6, LO6-7, LO6-8) [The following information applies to the questions displayed below.) 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 Variable expenses Contribution margin Yixed expenses Net operating income $ 85,000 59.500 25,500 20,400 $ 5,100 Foundational 6-4 (Algo) 4.If sales increase to 1,001 units, what would be the increase in net operating income? (Round your answer to 2 decimal places.) Increase in net operating income Required information The Foundational 15 (Algo) (LO6-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, LO6-8) [The following information applies to the questions displayed below.) 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 Variable expenses Contribution margin Fixed expenses Net operating income $ 85,000 59.500 25,500 20.400 $ 5,100 Foundational 6-5 (Algo) 5. If sales decline to 900 units, what would be the net operating income? Net operating income

Answer & Explanation Solved by verified expert

See Answer