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 $ 20,000 Variable expenses 12,000 Contribution margin 8,000 Fixed expenses 6,000 Net operating income 2,000 $ Required: 1. What is the contribution margin per unit? Contribution margin per unit 2. What is the contribution margin ratio? Contribution margin ratio % 4. If sales increase to 1,001 units, what would be the increase in net operating income? Increase in net operating income 5. If sales decline to 900 units, what would be the net operating income? Net operating income 8. What is the break-even point in unit sales? Break-even point units 9. What is the break-even point in dollar sales? Break-even point 10. How many units must be sold to achieve a target profit of $5,000? Number of units 12. What is the degree of operating leverage? Degree of operating leverage