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[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
[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 | $ 105,000 |
---|---|
Variable expenses | 73,500 |
Contribution margin | 31,500 |
Fixed expenses | 27,720 |
Net operating income | $ 3,780 |
Required:
1. What is the contribution margin per unit? (Round your answer to 2 decimal places.)
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