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References Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $313,000, total variable expenses were $250,400, and fixed expenses were $35,300. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,800? (Do not round intermediate calculations.) . Contribution margin ratio 2. Estimated change in net operating income 2 Part1of2 10 points eBook @ Hint E! Print References Required information [The following information applies to the questions displayed below. ] Data for Hermann Corporation are shown below: Percent of Per Unit Sales Selling price $ 95 10096 Variable expenses 57 60 Contribution margin $ 38 4095 Fixed expenses are $79,000 per month and the company is selling 3,600 units per month. Required: 1-a. How much will net operating income increase (decrease) per month ifthe monthly advertising budget increases by $8,400 and monthly sales increase by $17,100? 1-b. Should the advertising budget be increased? Complete this question by entering your answers in the tabs below. Req 1A Req 1B How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $8,400 and monthly sales increase by $17,100? (Round any unit calculations up to the nearest whole unit.) 2 Part1of2 10 points eBook @ Hint E! Print References Required information [The following information applies to the questions displayed below. ] Data for Hermann Corporation are shown below: Percent of Per Unit Sales Selling price $ 95 10096 Variable expenses 57 60 Contribution margin $ 38 4095 Fixed expenses are $79,000 per month and the company is selling 3,600 units per month. Required: 1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $8,400 and monthly sales increase by $17,100? 1-b. Should the advertising budget be increased? Complete this question by entering your answers in the tabs below. Req 1A Req 1B 3o Part20f2 10 points eBook @ Hint E! Print References Required information [The following information applies to the questions displayed below. ] Data for Hermann Corporation are shown below: Percent of Per Unit Sales Selling price $ 95 10096 Variable expenses 57 60 Contribution margin $ 38 4095 Fixed expenses are $79,000 per month and the company is selling 3,600 units per month. 2-a. Refer to the original data. How much will net operating income increase (decrease) per month if the company uses higher-quality components that increase the variable expense by $3 per unit and increase unit sales by 10%. 2-b. Should the higher-quality components be used? Complete this question by entering your answers in the tabs below. Req 2A Req 2B Refer to the original data. How much will net operating income increase (decrease) per month if the company uses higher- quality components that increase the variable expense by $3 per unit and increase unit sales by 10%. 3o Part20f2 10 points eBook @ Hint E! Print References Required information [The following information applies to the questions displayed below. ] Data for Hermann Corporation are shown below: Percent of Per Unit Sales Selling price $ 95 10096 Variable expenses 57 60 Contribution margin $ 38 4095 Fixed expenses are $79,000 per month and the company is selling 3,600 units per month. 2-a. Refer to the original data. How much will net operating income increase (decrease) per month if the company uses higher-quality components that increase the variable expense by $3 per unit and increase unit sales by 10%. 2-b. Should the higher-quality components be used? Complete this question by entering your answers in the tabs below. Req 2A Req 2B