The Foundational 15 [LO6-1, LO6-3, LO6-4, 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 $ 95,000 $7,000 38,000 31,920 $ 6,830 Foundational 6-1 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contributia maticni The Foundational 15 [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 Variable expenses Contribution margin Fixed expenses Net operating income $ 95,000 57,000 38,880 31.920 $ 6,080 Foundational 6-2 2. What is the contribution margin ratio? Contribution margin ratio % Ches 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 $ 95, eee 57,000 38 , 31,920 $ 6,080 Foundational 6-3 3. What is the variable expense ratio? Variable expanso ratio 96 Check The Foundational 15 (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 Variable expenses Contribution margin Fixed expenses Net operating income $ 95,000 57,eee 38,000 31,920 $ 6,080 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 nof operating incomo