14 Part 14 of 15 0.62 points 2 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) Sales Variable expenses Contribution margin Pisad expenses Het operating income 105,000 73,500 31,500 27,720 $3,760 References 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 $27,720 and the total fixed expenses are $73,500. 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.) ersting severage 15 Check my work Part 15 of 15 062 points P References Required information (The following Information applies to the questions displayed below) Oslo Company prepared the following contribution format fhcome statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Variable expens Contribution margin Fixed expenses Net operating incone $105,000 75,500 31,500 27,720 83,780 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 $27720 and the total fixed expenses are $73,500. Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 5% increase in unit sales? (Round your Intermediate calculations and final answer to 2 decimal places.) 07 16 The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer points Decupancy- Hooth 2,930 lectrical Coats $6,750 February 3,340 March 3.650 7,905 April 5,040) 5,520 May 750 3,250 H look Juna 1,030 15,490 July 3,890 88,190 August 1,700 $5,100 September 4,060 38,410 P October 6,740 Novesber 1,350 290 4,050 970 December Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day (Do not round your Intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) Variable cost of electricity Fixed cost of electricity $450.00 per occupancy-day per mont