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 $ 24,500 13,500 11,000 7,700 3,300 Increase in net operating income $ Required: If sales increased to 1,001 units, what would be the increase in net operating income? (Round your answer to 2 decimal places.)

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) Required: If sales increased to 1,001 units, what would be the increase in net operating income? (Round your onswer to 2 decimal ploces.)