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 3. What is the variable expense ratio? Variable expense ratio % $ 90,000 49,500 40,500 33,210 $ 7,290

Required information [The following information applies to the questions displayed bolow] Osio 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): 3. What is the variable expense ratio