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Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $282,000, total variable...

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Accounting

Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $282,000, total variable expenses were $219,960, and fixed expenses were $35,500. 1.) What is the companys contribution margin (CM) ratio? 2.) Estimate the change in the companys net operating income if it were to increase its total sales by $2,800.

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