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14 I Oslo Company prepared the following contribution format income statement based on a sales...

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Accounting

14 I 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 $ 21, 200 12,400 8,800 6,952 1,848 $ Required: Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 4% increase in sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Percent increase in net operating income %

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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): Required: Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 4% increase in sales? not round intermediate calculations. Round your answer to 2 decimal places.)

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