Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $311,000, total variabl

/in /by

Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $311,000, total variable expenses were $261,240, and fixed expenses were $36,100. 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 $2,000? (Do not round intermediate calculations.)