3 QUESTIONS

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 $ 20,000 13, eee 7,eee 3,780 $ 3,220 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit 2. What is the contribution margin ratio? Contribution margin ratio % 3. What is the variable expense ratio? Variable expense ratio %