What is the variable expense ratio

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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 $ 50,000 Variable expenses 27,500 Contribution margin 22,500 Fixed expenses 14,850 Net operating income $ 7,650 Foundational 2-3 (Algo). Get the instant assignment help. What is the variable expense ratio?

Reference no: EM133906360

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