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Compute what is the margin of safety percentage

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Reference no: EM132714537

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                       $23,600

Variable expenses         13,200

Contribution margin    10,400

Fixed expenses          7,592

Net operating income     $2,808

Required:

Problem a. What is the margin of safety in dollars? (Do not round intermediate calculations.)

Problem b. What is the margin of safety percentage?

Reference no: EM132714537

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