Question: Exercise 6-4 (Algo) Computing and Using the CM Ratio [LO6-3) Last month when Holiday Creations, Incorporated, sold 37000 units, total sales were $148,000, total variable

Exercise 6-4 (Algo) Computing and Using the CM Ratio [LO6-3) Last month when Holiday Creations, Incorporated, sold 37000 units, total sales were $148,000, total variable expenses were $116,920, and fixed expenses were $38.200 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 sales volume by 625 units and total sales by $2,500? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating Income

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