! Required information The Foundational 15 (Algo) [LO2-1, LO2-3, LO2-4, LO2-5, LO2-6, LO2-7, LO2-8] [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 $ 35,000 21,000 14,000 8,400 Net operating income $ 5,600 Foundational 2-1 (Algo) Required: 1. What is the contribution margin per unit? Note: Round your answer to 2 decimal places.