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 $ 95,000 57.000 38,000 31,920 $ 6,080 3. What is the variable expense ratio? % Variable expense ratio