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Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $282,000, total variable...

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Accounting

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Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $282,000, total variable expenses were $231,240, and fixed expenses were $37,500. 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 $1,900? (Do not round intermediate calculations.) % 1. Contribution margin ratio 2. Estimated change in net operating income

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