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The Foundational 15 (Algo) (LO6-1, L06-3, L06-4, L06-5, L06-6, LO6-7, L06-8] [The following information applies...

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The Foundational 15 (Algo) (LO6-1, L06-3, L06-4, L06-5, L06-6, LO6-7, L06-8] [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 Pixed expenses Net operating income $ 20,000 13,000 7,000 3,780 $ 3,220 Foundational 6-11 (Algo) 11. What is the margin of safety in dollars? What is the margin of safety percentage? Margin of safety in dollar Margin of safety percentage %

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