Required information The Foundational 15 [LO6-1, L06-3, L06-4, L06-5, 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 expenses Net operating income $ 90,000 49,500 40,500 33, 210 $ 7,290 Foundational 6-1 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit Required information The Foundational 15 [LO6-1, LO6-3, L06-4, L06-5, 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 expenses Net operating income $ 90,000 49.500 40.500 33,210 $ 7,290 Foundational 6-2 2. What is the contribution margin ratio? Contribution margin ratio Required information The Foundational 15 [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): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 90,000 49,500 40,500 33, 210 $ 7,290 Foundational 6-3 3. What is the variable expense ratio? Variable expense ratio Required information The Foundational 15 [LO6-1, LO6-3, 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 Variable expenses Contribution margin Fixed expenses Net operating income $ 90,000 49,500 40,500 33,210 $ 7,290 Foundational 6-4 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 not operating ncome Required information The Foundational 15 [LO6-1, LO6-3, 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 Variable expenses Contribution margin Fixed expenses Net operating income $ 90.000 49,500 40, 500 33,210 $ 7,290 Foundational 6-5 5. If sales decline to 900 units, what would be the net operating income? Not operating income Required information The Foundational 15 (L06-1, LO6-3, LO6-4, 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 expenses Net operating income $ 90,000 49,500 40,500 33, 210 $ 7.290 Foundational 6-6 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 [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): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 90,000 49.500 40, 500 33, 210 $ 7,290 Foundational 6-7 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,800, and unit sales increase by 260 units, what would be the net operating income? Net operating income Required information The Foundational 15 (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 expenses Net operating income $ 90,000 49,500 40.500 33,210 $ 7,290 Foundational 6-8 B. What is the break-even point in unit sales? Break-even point units Required information The Foundational 15 (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 $ 90,000 49,500 40,500 33, 210 $ 7,290 Foundational 6-9 9. What is the break-even point in dollar sales? Break-even point Required information The Foundational 15 [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 Variable expenses Contribution margin Fixed expenses Net operating income $ 90,000 49,500 40,500 33, 210 $ 7,290 Foundational 6-10 10. How many units must be sold to achieve a target profit of $24,300? Number of units