2. Contribution Margin Ratio

a. Young Company budgets sales of $1,280,000, fixed costs of $54,700, and variable costs of $243,200. What is the contribution margin ratio for Young Company? (Enter your answer as a whole number.) %

b. If the contribution margin ratio for Martinez Company is 61%, sales were $583,000, and fixed costs were $280,950, what is the income from operations? $