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):
Sales
$ 45,000
Variable expenses
31,500
Contribution margin
13,500
Fixed expenses
8,640
Net operating income
$ 4,860
What is the degree of operating leverage?
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