Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $314,000, total variable expenses were $235,500, and fixed expenses were $38,100.

Exercise 5-4 Computing and Using the CM Ratio [LO 5-3] Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $314,000, total variable expenses were $235,500, and fixed expenses were $38,100. Required: 1. What is the company's contribution margin (CM) ratio? ntribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,700 ed change in net operating income References Worksheet