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

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Accounting

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 companys contribution margin (CM) ratio? 2. What is the estimated change in the companys net operating income if it can increase total sales by $2,000? (Do not round intermediate calculations.)

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