Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion 49,000 90% 65% 26,000 74% 50% Work in process, October 1 Work in process, October 31 The department started 385,000 units into production during the month and transferred 408,000 completed units to the next department Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $314,000, total variable expenses were $251,200, and fixed expenses were $37,200. 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 total sales by $2,400? (Do not round intermediate calculations.) % 1. Contribution margin ratio 2. Estimated change in net operating income