Graded Chapter 6 Homework i 2 1.6 points Saved Last month when Holiday Creations, Incorporated, sold 42,000 units, total sales were $168,000, total variable expenses were $119,280, and fixed expenses were $37,100. 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 550 units and total sales by $2,200? (Do not round intermediate calculations.) eBook 1. Contribution margin ratio Hint 2. Estimated change in net operating income Ask Print References %