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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 $ 20,000

Variable expenses 12,000

Contribution margin 8,000

Fixed expenses 6,000

Net operating income $ 2,000

If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the net operating income?

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