Question: Exercise 5-4 Computing and Using the CM Ratio [LO 5-3] Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $317,000, total variable

Exercise 5-4 Computing and Using the CM Ratio [LO 5-3] Last

month when Holiday Creations, Inc., sold 43,000 units, total sales were $317,000,

total variable expenses were $259,940, and fixed expenses were $38,300. Required: 1.

Exercise 5-4 Computing and Using the CM Ratio [LO 5-3] Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $317,000, total variable expenses were $259,940, and fixed expenses were $38,300. Required: 1. What is the company's contribution margin (CM) ratio? ntribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by S1,500 Estimated change in net operating income

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