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What is the company contribution margin ratio

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Reference no: EM132933335

Problem - Last month when Holiday Creations, lnc., sold 38,000 units, total sales were $282,000, total variable expenses were $234,060, and fixed expenses were $37,600.

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 $1,000?

Reference no: EM132933335

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