Question: Exercise 5.4 (Algo) Computing and Using the CM Ratio [LO5-3] Last month when Holiday Creations, Incorporated, sold 37,000 units, total sales were 5148,000 , total

Exercise 5.4 (Algo) Computing and Using the CM Ratio [LO5-3] Last month when Holiday Creations, Incorporated, sold 37,000 units, total sales were 5148,000 , total variable expenses were 5115.440 and fixed expenses were $39,200 Required: 1. What is the companys contribution margin (CM) ratio? 2. What is the estimated change in the compony's net operating income if it can increase sales volume by 250 units and total sales by $1,000? (Do not round intermediote calculotions.)

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