AN.SU apter 5 Homework Seved 3 t3 of 15 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 Fixed expenses Net operating income $180,888 65 BBB 35,888 30 18e $ 4,900 3. What is the variable expense ratio? 0 Variable expense ratio 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 Fixed expenses Net operating income $100,888 65,888 35,800 30 100 $ 4,900 4. If sales increase to 1,001 units, what would be the increase in net operating Income? (Round your answer to 2 decimal places.) Increase in net operating income