Question

Required information The Foundational 15 (L06-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, L06-8) 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 Net operating income $ 60,000 39,000 21,000 14,700 $ 6,300 Foundational 6-5 5. If sales decline to 900 units, what would be the net operating income? Net operating income

Please help me I am about to go crazy.

Answer 1

Question 1:-

Based on the information available, we can answer as follows:-

Particulars	Amount
Sales(60,000/1,000 * 900)	54,000
Less:- Variable expenses (39,000/1,000 * 900)	35,100
Contribution Margin	18,900
Less:- Fixed expenses	14,700
Net Operating Income	4,200

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