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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 units, its sales, variable expenses, and fixed expenses were $ $ and $ 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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