Homework 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,ese 65,000 35,000 30, 180 $ 4,988 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit 2 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 1000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $188,888 65, eee 35,000 30, 180 $ 4,988 2. What is the contribution margin ratio? Contribution margin ratio