! Required information [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 Operating income. Margin of safety 11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.) $ 24,500 13,500 Margin of safety 11, 000 7, 700 $ 3,300 11-b. What is the margin of safety percentage? (Round your final answer to the nearest whole percentage (i.e, .12 should be entered as 12).) %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Required information
[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
Operating income
11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.)
Margin of safety
$24, 500
13, 500
11,000
7, 700
$ 3,300
11-b. What is the margin of safety percentage? (Round your final answer to the nearest whole percentage (i.e, .12 should be entered
as 12).)
Margin of safety
Transcribed Image Text:! Required information [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 Operating income 11-a. What is the margin of safety in dollars? (Do not round intermediate calculations.) Margin of safety $24, 500 13, 500 11,000 7, 700 $ 3,300 11-b. What is the margin of safety percentage? (Round your final answer to the nearest whole percentage (i.e, .12 should be entered as 12).) Margin of safety
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