oslo company prepared the following contribution format income statement based on a 696659
Aug 30, 2021 | Uncategorized
| 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 |
$ |
25,400 |
| Variable expenses |
|
13,800 |
|
|
|
| Contribution margin |
|
11,600 |
| Fixed expenses |
|
7,772 |
|
|
|
| Net operating income |
$ |
3,828 |
|
|
|
|
| Required: |
| If sales increase to 1,001 units, what would be the increase in net operating income? |
