1 Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $317,000, total variable expenses were $247,260, and fixed expenses were $37,000. 3.12 points 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 total sales by $2,200? (Do not round intermediate calculations.) eBook % 1. Contribution margin ratio 2. Estimated change in net operating income Hint Print References 2 Required information Part 1 of 2 (The following information applies to the questions displayed below.) Data for Hermann Corporation are shown below: 3.12 points Percent of Sales 100% Selling price Variable expenses Contribution margin Per Unit $ 135 81 $ 54 60 40% eBook Fixed expenses are $87,000 per month and the company is selling 2,900 units per month. Hint Print Required: 1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,200 and monthly sales increase by $20,250? 1-b. Should the advertising budget be increased? References Complete this question by entering your answers in the tabs below. Req 1A Req 1B How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,200 and monthly sales increase by $20,250? (Round any unit calculations up to the nearest whole unit.) Net operating income by Req 1A Reg 1B >