Last month when Holiday Creations, Incorporated, sold 44,000 units, total sales were $176,000, total variable expenses w

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Last Month When Holiday Creations Incorporated Sold 44 000 Units Total Sales Were 176 000 Total Variable Expenses W 1 (219.22 KiB) Viewed 27 times

Last month when Holiday Creations, Incorporated, sold 44,000 units, total sales were $176,000, total variable expenses were $137,280, and fixed expenses were $38,800. Required: 1. What is the company's contribution margin (CM) ration 2. What is the estimated change in the company's net operating income if it can increase sales volume by 550 units and total sales by $2,200? (Do not round intermediate calculations.) 1. Contribution margin ratio 22 % 2. Estimated change in net operating income