15 Required information The Foundational 15 (Algo) (LO6-1, L06-3, L06-4, L06-5, L06-6, L06-7, L06-8) [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 $ 90,000 Variable expenses 49,500 Contribution margin 40,500 Fixed expenses 33,210 Net operating income $ 7,290 K Foundational 6-1 (Algo) ces Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit ! Required information The Foundational 15 (Algo) (LO6-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, 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 $ 90,000 Variable expenses 49,500 Contribution margin 40,500 Fixed expenses 33,210 Net operating income $ 7,290 Foundational 6-2 (Algo) 2. What is the contribution margin ratio? Contribution margin ratio % ! ! Required information The Foundational 15 (Algo) (LO6-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, LO6-8] (The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales v relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 90,000 49,500 40,500 33,210 $ 7,290 Foundational 6-3 (Algo) 3. What is the variable expense ratio? Variable expense ratio % 15 Required information The Foundational 15 (Algo) (LO6-1, L06-3, L06-4, L06-5, LO6-6, LO6-7, 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 $ 90,000 49,500 40,500 33,219 $ 7,290 Foundational 6-4 (Algo) 4. If sales increase to 1001 units, what would be the increase in net operating income? (Round your answer to 2 decimal places.) Increase in not operating income ! Required information The Foundational 15 (Algo) (L06-1, LO6-3, L06-4, LO6-5, LO6-6, LO6-7, 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 $ 90,000 49,500 40,500 33, 210 $ 7,290 Foundational 6-5 (Algo) 5. If sales decline to 900 units, what would be the net operating income? Net operating income