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Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $293,000, total variable expenses were $222,680, and fixed expenses were $38,700. 1. What
Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $293,000, total variable expenses were $222,680, and fixed expenses were $38,700.
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 $2,600.
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