Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $293,000, total variable expenses were $222,680, and fixed expenses were $36,100.

Required:

1. What is the companys contribution margin (CM) ratio?

2. What is the estimated change in the companys net operating income if it can increase total sales by $1,500? (Do not round intermediate calculations.)

1. Contribution margin ratio 2. Estimated change in net operating income 0