Last month when Holiday Creations, Incorporated, sold 38,000 units, its sales, variable expenses, and fixed expenses were $152,000. $123,120, and $36,400, respectively. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the company's variable expense ratio? Note: Do not round intermediate calculations. [The following information applies to the questions displayed below] Data for Hermann Corporation are shown below: Fixed expenses are $85,000 per month and the company is selling 2,700 units per month. quired: How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9.000, the onthly sales volume increases by 100 units, and the total monthly sales increase by $12,500 ? 2. Should the advertising budget be increased? Complete this question by entering your answers in the tabs below. Should the advertising budget be increased? [The following information applies to the questions displayed below] Data for Hermann Corporation are shown below: Fixed expenses are $85,000 per month and the company is selling 2,700 units per month. equired: 0. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,000, the onthly sales volume increases by 100 units, and the total monthly soles increase by $12,500 ? b. Should the advertising budget be increased? Complete this question by entering your answers in the tabs below. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by 59,000 , the monthly sales volume increases by 100 units, and the total monthly saies increase by $12,500 ? Note: Do not round intermediate calculations