3-5 Oslo Company prepared the following contribution format income statement based on a...
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Accounting
3-5
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
$
80,000
Variable expenses
52,000
Contribution margin
28,000
Fixed expenses
21,840
Net operating income
$
6,160
If sales decline to 900 units, what would be the net operating income?
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