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What is the company contribution margin ratio

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Reference no: EM132766831

Question - Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $299,000, total variable expenses were $212,290, and fixed expenses were $38,600.

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 $1,400?

Reference no: EM132766831

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