7 15 of 15 01:47:20 Required Information The Foundational 15 (Algo) [LO5-1, LO5-3, 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 Variable expenses Contribution margin Fixed expenses Net operating income $ 85,000 59,500 25,500 20,400 $5,100 Foundational 5-15 (Algo) 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 $20,400 and the total fixed expenses are $59,500 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.) Answer is complete but not entirely correct. Increase in het operating income 63.33%