Accounting Required information The Foundational 15 (LO6-1, LO6-3, LO6-4, LO6-5, L06-6, L06-7, LO6-8) (The following information...

Accounting
Required information The Foundational 15 (LO6-1, LO6-3, LO6-4, LO6-5, L06-6, L06-7, LO6-8) (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 Net operating income \$ 60,000 39,000 21,000 14,700 \$ 6,300 Foundational 6-7 7. If the variable cost per unit increases by \$1, spending on advertising increases by \$1,500, and unit sales increase by 200 units, what would be the net operating income? Net operating income

Selling price per unit = \$60,000 / 1,000 = \$60

Variable expenses per unit = \$39,000 / 1,000 = \$39

New variable expenses per unit = \$39 + \$1 = \$40

New fixed expenses = \$14,700 + \$1,500

= \$16,200

New sales in units = 1,000 + 200

= 1,200

New operating income = Sales - Variable expenses - Fixed expenses

= (1,200 * \$60) - (1,200 * \$40) - \$16,200

= \$7,800

Add Answer of: Accounting Required information The Foundational 15 (LO6-1, LO6-3, LO6-4, LO6-5, L06-6, L06-7, LO6-8) (The following information...
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