ts eBook Hint Print References Last month when Holiday Creations, Incorporated, sold 43,000 units, its sales, variable expenses, and fixed expenses were $172,000, $127,280, and $39,700, 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. tio 1. Contribution margin 2. Variable expense ratio 26 % %

Last month when Holiday Creations, Incorporated, sold 43,000 units, its sales, variable expenses, and fixed expenses were $172,000,$127,280, and $39,700, 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