7/11/2018 Unit 3- Chapter 5 Assignment The folilowing information applies to the

Question

7/11/2018 Unit 3- Chapter 5 Assignment The folilowing information applies to the questions displayed below.J 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 $ 21,500 12,500 Contribution margin Fixed expenses 9,000 7,200 Net operating income $ 1,800 Required information 10.00 points Required 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit $ 9.00 eBook & Resources get profit. volume alue: 10.00 points Required Information 2. What is the contribution margin ratio? (Enter your answer as a percentage rounded to 2 decimal places (i.e., 0.13579 should be entered as 13.58).) 1/9

Explanation / Answer

At Targeted Profit of 5400 unit sold will 3000

Increase in Net operating Income 15%

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