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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

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 $ 70,000
Variable expenses 38,500
Contribution margin 31,500
Fixed expenses 23,310
Net operating income $ 8,190

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

2. What is the contribution margin ratio?

3. What is the variable expense ratio?

4. If sales increase to 1,001 units, what would be the increase in net operating income? (Round your answer to 2 decimal places.)

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