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fLast month when Holiday Creations, Incorporated, sold 3 6 , 0 0 0 units, its sales, variable expenses, and fixed expenses were $ 1 4

fLast month when Holiday Creations, Incorporated, sold 36,000 units, its sales, variable expenses, and fixed expenses were $144,000, $119,520, and $36,200, respectively.Last month when Holiday Creations, Incorporated, sold 36,000 units, its sales, variable expenses, and fixed expenses were $144,000,
$119,520, and $36,200, respectively.
Required:
What is the company's contribution margin (CM) ratio?
What is the company's variable expense ratio?
Note: Do not round intermediate calculations.
Required:
What is the companys contribution margin (CM) ratio?
What is the companys variable expense ratio?
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