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Last month when Holiday Creations, Incorporated, sold 3 7 , 0 0 0 units, its sales, variable expenses, and fixed expenses were $ 1 4

Last month when Holiday Creations, Incorporated, sold 37,000 units, its sales, variable expenses, and fixed expenses were $148,000, $105,080, and $37,700, respectively.
Required:
What is the companys contribution margin (CM) ratio?
What is the companys variable expense ratio?
Note: Do not round intermediate calculations.

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