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Last month when Holiday Creations, Incorporated, sold 4 0 , 0 0 0 units, its sales, variable expenses, and fixed expenses were $ 1 6

Last month when Holiday Creations, Incorporated, sold 40,000 units, its sales, variable expenses, and fixed expenses were $160,000, $129,600, and $36,300, respectively.
Required:
What is the companys contribution margin (CM) ratio?
What is the companys variable expense ratio?

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