Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $297,000, total variable...
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Accounting
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $297,000, total variable expenses were $213,840, and fixed expenses were $35,700. 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 total sales by $2,800? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
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