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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 2. What is the contribution margin ratio?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92772031

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