21.3

Contribution Margin Ratio a. Imelda Company budgets sales of $860,000, fixed costs of $58,100, and variable costs of $258,000. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.) 70 % b. If the contribution margin ratio for Peppa Company is 62%, sales were $632,000, and fixed costs were $309,550, what was the income from operations? 333,740 x