Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $294,000, total variable expenses were $238,140, and fixed expenses were $39.400. 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 total sales by $2,700? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: 26 13 Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month $ 10,530 960 Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) 1. Margin of safety (in dollars) 2. Margin of safety percentage