Question: Required information The Foundational 1 5 ( Algo ) [ LO 5 - 1 , LO 5 - 2 , LO 5 - 3 ,

Required information The Foundational 15(Algo)[LO5-1, LO5-2, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7] Skip to question [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$ 15,000Variable expenses9,000Contribution margin6,000Fixed expenses3,120Net operating income$ 2,880 Foundational 5-1(Algo) Required: 1. What is the contribution margin per unit? Note: Round your answer to 2 decimal places.

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