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Last month when Holiday Creations, Incorporated, sold 40.000 units, its sales, variable expenses, ond fixed...

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Accounting

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Last month when Holiday Creations, Incorporated, sold 40.000 units, its sales, variable expenses, ond fixed expenses were $160.000. $129,600, and $39,500, respectively. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the company's variable expense ratio? Note: Do not round intermediate calculations

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