Last month when Simple Creations, Ic., sold 50,000 units, total sales were P200,000, total variable expenses were P120,000 and fixed expenses were P65,000. 1. What is the company's Contribution Margin...

Extracted text: Last month when Simple Creations, Ic., sold 50,000 units, total sales were P200,000, total variable expenses were P120,000 and fixed expenses were P65,000. 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 P1,000.