Exercise $5-4($Algo$)$ Computing and Using the CM Ratio $[$LO$5-3]$

$1$ points

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Hint

References

Last month when Holiday Creations, Incorporated, sold $39,000$ units, total sales were $$156,000,$ total variable expenses were $$113,880,$ and fixed expenses were $$37,300.$

Required:

What is the company's contribution margin $($CM$)$ ratio?

What is the estimated change in the company's net operating income if it can increase sales volume by $300$ units and total sales by $$1,200?($Do not round intermediate calculations.$)$

$\backslash$table$[[1.$ Contribution margin ratio,$\%$