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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 based on
Required information
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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 $55,000
Variable expenses33,000
Contribution margin22,000
Fixed expenses14,960
Net operating income $7,040
Required:
1. What is the contribution margin per unit?(Round your answer to 2 decimal places.)
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