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Last month when Holiday Creations, Inc., sold 36,000 units, total sales were $316,000, total variable expenses were $252, 800, and fixed expenses were $38, 500.

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Last month when Holiday Creations, Inc., sold 36,000 units, total sales were $316,000, total variable expenses were $252, 800, and fixed expenses were $38, 500. Required: What is the company's contribution margin (CM) ratio? Estimate the change in the company's net operating income if it were to increase its total sales by $2, 400

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