(Answered) Last month when holiday creations inc sold 37000 units

Accounting

Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $309,000, total variable expenses were $228,660, and fixed expenses were $38,500.

Required:

1. What is the company's contribution margin (CM) ratio?

2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,800.

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