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 $ 30,eee 16,500 13,500 7,830 $ 5,670 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contnbution 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 $ 30,eee 16,500 13, Sea 7,838 $ 5,670 2. What is the contribution margin ratio? Contribution margin ratio % 0 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 1500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 30,000 16,500 13,500 7.839 $ 5,670 3. What is the variable expense ratio? Variable expense ratio % 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 $ 30,eee 16,5ee 13,500 7,830 $ 5,678 4. If sales increase to 1001 units, what would be the increase in net operating income? (Round your answer to 2 decimal places.) Increase in net operating income Last month when Holiday Creations, Incorporated, sold 40,000 units, total sales were $160,000, total variable expenses were $134,400, and fixed expenses were $37,800. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating Income if it can increase sales volume by 400 units and total sales by $1,600? (Do not round Intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses Contribution margin Fixed expenses Net operating income Total Per Unit $ 318,000 $20 222,600 14 95,40e $6 73,200 $ 22,200 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $36,600? 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $65,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase
