Required information The Foundational 15 (Algo) (LO6-1, L06-3, L06-4, L06-5, L06-6, LO6-7. LO6-8) 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 $ 30,000 Variable expenses 16,500 Contribution margin 13,500 Fixed expenses 7,00 Net operating income 5.670 Foundational 6-1 (Algo) Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin por un Required Information The Foundational 15 (Algo) (LO6-1, LO 6-3, L06-4, LO6-5, LO6-6, LO6-7, L06-8) {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 Net operating incona 30,000 16,500 13,500 7.030 5.670 Foundational 6-2 (Algo) 2. What is the contribution margin ratio? Conibution margin to Required information The Foundational 15 (Algo) (LO6-1, L06-3, LO6-4, L06-5, L06-6, LO6-7, L06-8) [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 Net operating income $ 30,000 16,500 13,500 7.830 $ 5,670 Foundational 6-3 (Algo) 3. What is the variable expense ratio? Variable exponse ratio Required information The Foundational 15 (Algo) (L06-1, LO6-3, L06-4, LO6-5, L06-6, LO6-7, LO6-8) 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): Salon $ 30,000 Variable expenses 16,500 Contribution margin Pixed expenses Net operating income 13,500 7.830 5.5,670 Foundational 6-4 (Algo) 4. If sales increase to 1,001 units, what would be the increase in net operating income? (Round your answer to 2 decimal places.) Increase in net operating income ! Required information The Foundational 15 (Algo) (L06-1, L06-3, L06-4, LO6-5, L06-6, LO6-7, LO6-8) [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 Net operating income $ 30,000 16,500 13,500 7,830 $ 5,670 Foundational 6-5 (Algo) 5. If sales decline to 900 units, what would be the net operating income? Not operating income 0 Required information The Foundational 15 (Algo) (LO6-1, LO6-3, L06-4, LO6-5, L06-6, LO6-7, LO6-8) [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): Salon Variable expenses Contribution margin Fixed expens Net operating income $ 30,000 16,500 13,500 7.830 $ 5,670 Foundational 6-6 (Algo) 6. If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the net operating Income? Net Operating income Required information The Foundational 15 (Algo) (LO6-1, LO6-3, LO6-4, LO6-5, L06-6, LO6-7, LO6-8) (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 $ 30,000 Variable expenses 16,500 Contribution margin 13,500 Fixed expenses 7.330 Not operating income $ 5,670 Foundational 6-7 (Algo) 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,200, and unit sales increase by 140 units, what would be the net operating income? Net operating income Required information The Foundational 15 (Algo) (L06-1, L06-3, L06-4, L06-5, LO6-6, L06-7, LO6-8) [The following information applies to the questions displayed below) Oslo Company prepared the following contribution format Income statement based on a sales volume of 1000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 30,000 16,500 13,500 7,830 55,670 Foundational 6-8 (Algo) 8. What is the break-even point in unit sales? Break-even point units Required Information The Foundational 15 (Algo) (L06-1, L06-3, L06-4, LO6-5, LO6-6, L06-7, L06-8) (The following information applies to the questions displayed below) Oslo Company prepared the following contribution format Income statement based on a sales volume of 1000 units (e relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Het operating income # 10,000 16,500 1,500 2.030 $ 5,670 Foundational 6-9 (Algo) 9. What is the break-even point in dollar sales? Break-even point O Required information The Foundational 15 (Algo) (L06-1, LO6-3, L06-4, LO6-5, LO6-6, LO6-7, LO6-8) (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 expense Het operating income $ 30,000 16.500 13,500 7.030 $5.670 Foundational 6-10 (Algo) 10. How many units must be sold to achieve a target profit of $8,100? Number of units 0 Required information The Foundational 15 (Algo) (LO6-1, L06-3, L06-4, LO6-5, L06-6, LO6-7, L06-8) 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): Sale $30,000 Variable expenses Contribution margin od expenses Nat operating Income 16,500 13.500 2.030 5,670 Foundational 6-11 (Algo) 11. What is the margin of safety in dollars? What is the margin of safety percentage? Margin of safety in dollar Margin of safety percentage Required information The Foundational 15 (Algo) (L06-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, L06-8) The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1000 units (the relevant range of production is 500 units to 1,500 units) Bales Variable expenses Contribution margin Pixed expenses Het operating income $ 30,000 16.500 13,500 7.630 55,670 Foundational 6-12 (Algo) 12. What is the degree of operating leverage? (Round your answer to 2 decimal places.) Degree of corteve Required information The Foundational 15 (Algo) (LO6-1, LO6-3, L06-4, LO6-5, LO6-6, LO6-7, LO6-8) (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): Salon Variable expenses Contribution margin Fixed expenses Het operating income $ 30,000 16,500 13,500 7.030 65.670 Foundational 6-13 (Algo) 13. Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 5% increase in unit sales? (Round your intermediate calculations and final answer to 2 decimal places.) Increase in net operating income O Required information The Foundational 15 (Algo) (L06-1, LO6-3, L06-4, LO 6-5, LO6-6, L06-7, LO6-8) 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 Pixed expenses Not operating income $ 30,000 16,500 13,500 7.30 $5.670 Foundational 6-14 (Algo) 14. Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $7,830 and the total fixed expenses are $16,500. Under this scenario and assuming that total sales remain the same, what is the degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage Required information The Foundational 15 (Algo) (L06-1, LO6-3, L06-4, LO6-5, L06-6, LO6-7, LO6-8] [The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1000 units (the relevant range of production is 500 units to 1,500 units Bales Variable expenses Contribution margin Fixed expenses Mat operating income $ 30,000 16,500 13,500 2.030 5.5.670 Foundational 6-15 (Algo) 15. Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $7,830 and the total fixed expenses are $16,500. Using the degree of operating leverage what is the estimated percent increase in net operating income of a 5% increase in unit sales? (Round your intermediate calculations and final answer to 2 decimal places.) Thorntoring income