CH 6 #16

Last month when Holiday Creations, Inc., sold 36,000 units, total sales were $301,000, total variable expenses were $219,730, and fixed expenses were $39,600. 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 $2,400? (Do not round intermediate calculations.)