Last month when Holiday Creations, Incorporated, sold $41,000$ units, its sales, variable expenses, and fixed expenses were $$164,000,$ $$123,000,$ and $$39,500,$ respectively.

Required:

What is the company's contribution margin $($CM$)$ ratio?

What is the company's variable expense ratio?

Note: Do not round intermediate calculations.

$\backslash$table$[[1.$ Contribution margin ratio,$\%$