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The Foundational 15 (LO6-1, LO6-3, LO6-4, LO6-5, L06-6, L06-7, L06-8] {The following information applies to the questions displayed below.) Oslo Company prepared the following contribution

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The Foundational 15 (LO6-1, LO6-3, LO6-4, LO6-5, L06-6, L06-7, L06-8] {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 $ 55,000 33,000 22,000 14,960 $ 7,040 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.) Inco in not operating income

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