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Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $294,000, total variable expenses were $235,200, and fixed expenses were $38,300. 1. What

Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $294,000, total variable expenses were $235,200, and fixed expenses were $38,300.

1.

What is the companys contribution margin (CM) ratio?

2.

Estimate the change in the companys net operating income if it were to increase its total sales by $2,500.

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