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What is the margin of safety percentage for oslo company

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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 $25,400

Variable expenses 13,800

Contribution margin 11,600

Fixed expenses 7,772

Net operating income $3,828

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: EM132842538

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