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Required information Skip to question [ The following information applies to the questions displayed below. ] Oslo Company prepared the following contribution format income statement

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[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 $ 25,000
Variable expenses 17,500
Contribution margin 7,500
Fixed expenses 4,200
Net operating income $ 3,300
Required:
1. What is the contribution margin per unit?
Note: Round your answer to 2 decimal places.

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