Olso company prepared the following contribution format


Olso Company prepared the following contribution format income statement based on a sales volume of 1,000 units ( the relevant range of production is 509 units to 1,500 units):

Sales.                         21,200

Variable expenses.   12,400

Contribution margin.   8,800

Fixed expenses.           6,952

Net operating income. 1,848

1. what is the contribution margin per unit (round 2 decimal places).

2. what is the contribution margin ratio? (round 2 decimal places)

3. what is the variable expenses ratio?

4. If sales increase to be 1,001 units what would be the increase in net operations income?

5. If sales decline to 900 units, what would be the net operating income?

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Financial Accounting: Olso company prepared the following contribution format
Reference No:- TGS01651420

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