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Business, 03.03.2020 01:38 QueenDarbane9696
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 22,400
Variable Expenses 12,800
Contribution Margin 9,600
Fixed Expenses 7,968
Net Operating Income ---1,632
What is the contribution margin ratio?
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