Last month when Holiday Creations, Incorporated, sold 40,000 units, total sales were $160,000, total variable expenses w

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Last Month When Holiday Creations Incorporated Sold 40 000 Units Total Sales Were 160 000 Total Variable Expenses W 1 (22.28 KiB) Viewed 55 times

Last month when Holiday Creations, Incorporated, sold 40,000 units, total sales were $160,000, total variable expenses were $120,000, and fixed expenses were $38.700. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 450 units and total sales by $1,800? (Do not round intermediate calculations.) % 1. Contribution margin ratio 2. Estimated change in net operating income