Question: answer fast please Last month when Holiday Creations, Incorporated, sold 43,000 units, total sales were $172,000, total variable expenses were $130,720, and fixed expenses were

answer fast please answer fast please Last month when Holiday Creations, Incorporated, sold 43,000 units,

Last month when Holiday Creations, Incorporated, sold 43,000 units, total sales were $172,000, total variable expenses were $130,720, and fixed expenses were $39,000, 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 sales volume by 400 units and total sales b $1,600 ? (Do not round intermediate calculations.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Hello, Answers only please Last month when Holiday Creations, Incorporated, sold 40,000 units, total sales were $160,000, total variable expenses were $123,200, and fixed expenses were $36,500....

Please explain https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08.launchUrl=https%253A72527 le a look at a awesom Soda Fountain Mac.,, My Inbox Helper MSN | Outlook, Offi......

Answer question 2 please. Last month when Holiday Creations, Incorporated, sold 43,000 units, total sales were $ \$ 172,000 $, total variable expenses were $ \$ 127,280 $, and fixed expenses were...

Please answer question 2 Last month when Holiday Creations, Incorporated, sold 43,000 units, total sales were $ \$ 172,000 $, total variable expenses were $ \$ 127,280 $, and fixed expenses were...

Last month when Holiday Creations, Incorporated, sold 38,000 units, total sales were $152,000, total variable expenses were $117,040, and fixed expenses were $37,700. Required: 1. What is the...

Last month when Holiday Creations, Incorporated, sold 43,000 units, total sales were $172,000, total variable expenses were $137,600, and fixed expenses were $37,100. Required: 1. What is the...

Last month when Holiday Creations, Incorporated, sold 50,000 units, its sales, variable expenses, and fixed expenses were $200,000, $120,000, and $65,000, respectively. Required: 1. What is the...

Last month when Holiday Creations, Incorporated, sold 50,000 units, total sales were $200,000, total variable expenses were $120,000, and fixed expenses were $65,000. Required: 1. What is the...

ch 5, 1 '' Last month when Holiday Creations, Incorporated, sold 38,000 units, total sales were $152,000, total variable expenses were $107,920, and fixed expenses were $39,100. Required: 1. What is...

Exercise 5-4 (Algo) Computing and using the CM Ratio [LO5-3] Last month when Holiday Creations, Incorporated, sold 42,000 units, total sales were $168,000, total variable expenses were $117,600, and...

In 6 rolls of a six-sided die, the outcome of 6 never occurs.

A uniform ladder is 10 m long and weighs 200 N. In Figure the ladder leans against a vertical, frictionless wall at height h = 8.0 m above the ground. A horizontal force F is applied to the ladder at...

When an auditor develops a point estimate for the client's provision account, this means the auditorO develops their own estimated value for the provision.Oknows the exact amount the provision should...

Three key points for recruitmenr and retention of employees in property management.

How do equal employment opportunity laws differ from diversity management?

In conducting a utilization analysis, Michael discovers that although 30 percent of the general population of construction workers are black, only 10 percent of Supremes employees are black....

How would your student experience be different if your schools student body was not diverse? Explain.