Question: Computing and Using the CM Ratio [LO1 - CC2, 3] Last month, when Holiday Creations, Inc. sold 50,000 units, total sales were $200,000, variable expenses

Computing and Using the CM Ratio [LO1 - CC2, 3] Last

Computing and Using the CM Ratio [LO1 - CC2, 3] Last month, when Holiday Creations, Inc. sold 50,000 units, total sales were $200,000, variable expenses were 60% of sales revenue, and total fixed expenses were $65,000. Required: 1. What is the company's CM per unit? 2. Estimate the change in the company's net income if it were to increase its sales by 1.200 units

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