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Last month when Holiday Creations, Incorporated, sold 44,000 units, its sales, variable expenses, and fixed expenses were $176,000, $132,000, and $36,200, respectively. Required: What is

Last month when Holiday Creations, Incorporated, sold 44,000 units, its sales, variable expenses, and fixed expenses were $176,000, $132,000, and $36,200, respectively.

Required: What is the companys contribution margin (CM) ratio?

What is the companys variable expense ratio?

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