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! Required information The Foundational 15 (LO5-1, L05-3, LO5-4, LO5-5, LO5-6, LO5-7, LO5-8] [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): $ 70,000 38,500 31,500 23,310 Sales Variable expenses Contribution margin Fixed expenses $ 8,190 Net operating income Foundational 5-12 12. What is the degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage 10 Check my work The Foundational 15 [LO5-1, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7, LO5-81 [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 $70,000 38,500 31,500 23,310 S 8,190 Net operating income Foundational 5-13 13. Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 5% increase in sales? (Round your intermediate calculations and final answer to 2 decimal places.) % Increase in net operating income 10 Check my work The Foundational 15 (LO5-1, L05-3, LO5-4, LO5-5, LO5-6, LO5-7, LO5-8] [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 $70,000 38,500 31,500 23,310 Variable expenses Contribution margin Fixed expenses $ 8,190 Net operating income Foundational 5-14 14. Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $23,310 and the total fixed expenses are $38,500. Under this scenario and assuming that total sales remain the same, what is the degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage 10 Check my work The Foundational 15 [LO5-1, LO5-3, LO5-4, L05-5, LO5-6, LO5-7, LO5-8) 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): $ 70,000 38,500 31,500 23,310 Sales Variable expenses Contribution margin Fixed expenses $ 8,190 Net operating income Foundational 5-15 15. Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $23,310 and the total fixed expenses are $38,500. Given this scenario and assuming that total sales remain the same. Using the degree of calculated operating leverage, what is the estimated percent increase in net operating income of a 5% increase in sales? (Round your intermediate calculations and final answer to 2 decimal places.) % Increase in net operating income