Last month when holiday creations inc sold 42000 units, Financial Accounting

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Last month when holiday creations inc sold 42000 units

Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $306,000, total variable expenses were $260,100, and fixed expenses were $39,300.

Required:

1. What is the company’s contribution margin (CM) ratio?

2. Estimate the change in the company’s net operating income if it were to increase its total sales by $1,800.

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Financial Accounting: Last month when holiday creations inc sold 42000 units

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