Part 1 of 15 Required information [The following information applies to the questions displayed below.) 10 points 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): Print Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 35,000 21,000 14,000 8,400 $ 5,600 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit ! 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 $ 35,000 21,000 14,000 8,400 $ 5,600 2. What is the contribution margin ratio? Contribution margin ratio %