Oslo Company prepared the following contribution format income statement based on a sales volume of...
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Accounting
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):
(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 Fixed expenses Operating income $ 26,000 14,000 12,000 7,800 $ 4,200 1-a. What is the margin of safety in dollars? (Do not round intermediate calculations.) Margin of safety 1-b. What is the margin of safety percentage? (Round your final answer to the nearest whole percentage (ie, 12 should be entered s 12).) Margin of safety %
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