Required information The Foundational 15 (Static) [LO6-1, 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 $ 20,000 Variable expenses 12, 000 Contribution margin 8,900 Fixed expenses 6,000 Net operating income $ 2,000 Foundational 6-1 (Static) Required: 1. What is the contribution margin per unit?Required information The Foundational 15 (Static) [LO6-1, 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 $ 20,000 Variable expenses 12,900 Contribution margin 8,900 Fixed expenses 6,900 Net operating income $ 2,000 Foundational 6-2 (Static) 2. What is the contribution margin ratio? Contribution margin ratioRequired information The Foundational 15 (Static) [LO6-1, 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 $ 20,000 Variable expenses 12,000 Contribution margin 8,000 Fixed expenses 6,000 Net operating income $ 2,900 Foundational 6-3 (Static) 3. What is the variable expense ratio? Variable expense ratioRequired information The Foundational 15 (Static) [LO6-1, 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 $ 20,000 Variable expenses 12, 000 Contribution margin 8,900 Fixed expenses 6, 900 Net operating income $ 2,000 Foundational 6-4 (Static) 4. If sales increase to 1,001 units, what would be the increase in net operating income? Increase in net operating income! Required information The Foundational 15 (Static) [LO6-1, 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 $ 20,000 Variable expenses 12,900 Contribution margin 8,900 Fixed expenses 6,000 Net operating income $ 2,000 Foundational 6-5 (Static) 5. If sales decline to 900 units, what would be the net operating income? Net operating incomeRequired information The Foundational 15 (Static) [LO6-1, 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 $ 20,000 Variable expenses 12, 900 Contribution margin 8,900 Fixed expenses 6,900 Net operating income $ 2,000 Foundational 6-6 (Static) 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 incomeRequired information The Foundational 15 (Static) [LO6-1, 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 $ 20,000 Variable expenses 12, 000 Contribution margin 8,900 Fixed expenses 6, 000 Net operating income $ 2,000 Foundational 6-7 (Static) 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,500, and unit sales increase by 250 units, what would be the net operating income? Net operating income