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

Last month when Holiday Creations, Inc., sold 36,000 units, total sales were $304,000, total variable expenses were $221,920, and fixed expenses were $36,100.

ChaplerS ' 'v M ChapterSExer ' ,2 @ ExerciseS-A'C'omnuuhg x . G) eztomheduca 'on com/hmtp 21703274823706 495847938104 El E E i Save&Exit H Submit | 1 vain e 600 points Exercise 5-4 Computlng and Uslng the CM Ratlo [LO 5-3] Last manth when Holiday Creations, inc , sold 36000 units, total sales were $304,000, total variabie expenses were $221,920, and xed expenses were $36,100 Required: 1. What is the company's contribution margin (CM) raEIo'! 2 Estimate the change In the company's net uperating income if it were to increase its total sales by $1200. Hints Retere nces eBook 8. Resources Him #1 Check my work