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> Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $312,000, total...

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Accounting

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> Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $312,000, total variable expenses were $255,840, and fixed expenses were $36,200. 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 total sales by $1,300? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income %

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