1) What is the contribution margin per unit? (Round your answer to 2 decimal places.)

2) What is the contribution margin ratio?

3) What is the variable expense ratio?

4) If sales increase to 1,001 units, what would be the increase in net operating income? (Round your answer to 2 decimal places.)

! Required information 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) $ 10,000 5,500 Sales Variable expenses Contribution margin Fixed expenses 4,500 2,250 $ 2,250 Net operating income