apter 6 Homework i 2 Saved Help Save & Exit Submit Check my work Ents 04:04:05 eBook Hint Print References Last month when Holiday Creations, Incorporated, sold 37,000 units, total sales were $148,000, total variable expenses were $121,360, and fixed expenses were $37,300. 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 275 units and total sales by $1,100? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income % 1 points Sonn eBook Hint Print References Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Net operating incone Required: Total Per Unit $31.00 $ 248,000 152,000 96,000 55,500 19.00 $12.00 (Consider each case independently): $ 40,500 1. What would be the revised net operating income per month if the sales volume increases by 50 units? 2. What would be the revised net operating income per month if the sales volume decreases by 50 units? 3. What would be the revised net operating income per month if the sales volume is 7,000 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income