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Last month when Holiday Creations Inc., sold 42,000 units, total sales were 303,000, total variable expenses were 221,190, and fixed expenses were 37,100. Required: 1.
Last month when Holiday Creations Inc., sold 42,000 units, total sales were 303,000, total variable expenses were 221,190, and fixed expenses were 37,100.
Required:
1. What is the company's contribution margin (CM) ratio?
2. Estimate the change in the company's net operating income if it were to increase it's total sales by 1,200.
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