Question: Check my work 1 10 points Last month when Holiday Creations, Inc, sold 38,000 units, total sales were $298,000, total variable expenses were $229,460, and
Check my work 1 10 points Last month when Holiday Creations, Inc, sold 38,000 units, total sales were $298,000, total variable expenses were $229,460, and fixed expenses were $37,100. Required: 1. What is the company's contribution margin (CM) ratlo? 2. What is the estimated change in the companys not operating income if it can increase total sales by S1000? (Do not round intermediate calculations.) Hin 1. Contribution margin ratio 2. Estimate change in net operating income
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