[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 $ 55,000 33,000 22,000 14,960 Net operating income $ 7,040 Foundational 6-1 (Algo) Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit 2. What is the contribution margin ratio? Contribution margin ratio % 3. What is the variable expense ratio? Variable expense ratio 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 5. If sales decline to 900 units, what would be the net operating income? (Round "Per Unit" calculations to 2 decimal places.) Net operating income 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? (Round "Per Unit" calculations to 2 decimal places.) Net operating income 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,450, and unit sales increase by 190 units, what would be the net operating income? (Round "Per Unit" calculations to 2 decimal places.) Net operating income 8. What is the break-even point in unit sales? (Round intermediate calculations to 2 decimal places.) Break-even point units 9. What is the break-even point in dollar sales? Break-even point 10. How many units must be sold to achieve a target profit of $13,200? (Round intermediate calculations to 2 dec Number of units 11. What is the margin of safety in dollars? What is the margin of safety percentage? Margin of safety in dollars Margin of safety percentage %