(Answered) Question last month when holiday creations inc sold 42000

Accounting

Question: Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $312,000, total variable expenses were $249,600, and fixed expenses were $37,900.

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

b) Estimate the change in the company's net operating income if it were to increase its total sales by $1,600.

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