Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...

Question

Question

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Answer:
Sale price per unit = Sales / Sales Volume = $ 26,000 / 1,000 Units	$ 26
Contribution margin per unit = Contribution margin / Sales Volume = $ 12,000 / 1,000 Units	$ 12 per Unit


Break Even point (in Units ) = Fixed expenses / Contribution margin per unit = $ 7,800 / $ 12	650 Units

Break Even point in dollars = Break Even point (in Units ) x Sale price per unit = 650 units x $ 26	$ 16,900

Add a comment

Answer 2

Similar Homework Help Questions

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...

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 $ 26,000 14,000 Contribution margin Fixed expenses 12,000 7,800 Net operating income $ 4,200 2. What is the contribution margin ratio? Round your percentage answer to 2 decimal places (i.e.1234 should be entered as 12.34). Contribution marginalio 1 1%
View Oslo Company prepared the following contribution format income statement based on a sales volume of...

View 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 $ 26,000 14,000 Contribution margin Fixed expenses 12,000 7,800 Net operating income $ 4,280 11a What is the margin of safety in dollars? (Do not round Intermediate calculations.)
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...

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 $ 40,000 Variable expenses 26,000 Contribution margin 14,000 Fixed expenses 8,680 Net operating income $ 5,320 9. What is the break-even point in dollar sales? 10. How many units must be sold to achieve a target profit of $8,400? 11. What is the margin of safety in dollars? What is the...

oslo company prepared the following contribution format income statement based on a sales volume of 1,000 units (the rel...

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 85,000, variable expenses 59500, contribution margin 25,500, fixed expenses 20,400, net operating income 5,100. what is the break-even point in dollar sales?
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...

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 $ 22,400 Variable expenses 12,800 Contribution margin 9,600 Fixed expenses 7,968 Net operating income $ 1,632 What is the break-even point in unit sales?
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...

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 $ 25,100 Variable expenses 13,700 Contribution margin 11,400 Fixed expenses 7,752 Net operating income $ 3,648 What is the break-even point in sales dollars?

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...

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 Net operating income $ 20,000 13,000 7,000 3,780 $ 3,220 Foundational 5-5 5. If sales decline to 900 units, what would be the net operating income? Net operating income Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...

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 $20,000 12,000 Contribution margin Fixed expenses 8,000 6,000 Net operating income $ 2,000
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...

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 $ 20,600 Variable expenses 12,200 Contribution margin 8,400 Fixed expenses 6,468 Net operating income $ 1,932 1.If the variable cost per unit increases by $1.20, spending on advertising increases by $1,700, and unit sales increase by 250 units, what would be the net operating income? (Do not round intermediate calculations.) 2....

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...

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 6. If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the net operating income? 7. If the variable cost per unit increases by $1,...

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...

Homework Answers