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3-1 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

3-1

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 $ 80,000
Variable expenses 52,000
Contribution margin 28,000
Fixed expenses 21,840
Net operating income $ 6,160

Required:

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

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