Assignment 1 (Ch1,2) 50 pts i Required information The following information applies to the questions displayed below.] Part 2 of 15 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): points Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 65,000 45,50e 19,500 14,040 $ 5,460 Skipped 2. What is the contribution margin ratio? Contribution margin ratio Required information The following information applies to the questions displayed below.) Part 3 of 15 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) points Sales Variable expenses Contribution martin Fixed expenses Net operating Income $ 65,000 45,500 19,500 10.000 $ 5,460 Skloped 3. What is the variable expense ratio? Variable expense ratio ponse ratio Required information The following information applies to the questions displayed below.) Part 4 of 15 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 $ 65,000 45,500 19.se 14,840 Skipped eBook 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 Required information (The following information applies to the questions displayed below) Part 5 of 15 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): points Variable expenses Contribution margin Fixed expenses Net operating income $ 65, eee 45,5ee 19,500 14,040 $ 5,460 Skloped 5. If sales decline to 900 units, what would be the net operating Income? P Net operating income Required information The following information applies to the questions displayed below.) "art 6 of 15 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) Sints Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 65,000 45,500 19,500 14,040 $ 5,460 Skloped eBook 6. If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the net operating income? Not operating incomo