a. Imelda Company budgets sales of $1,240,000, fixed costs of $89,300, and variable costs of $396,800. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.) fill in the blank 1 %

b. If the contribution margin ratio for Peppa Company is 62%, sales were $700,000, and fixed costs were $329,840, what was the income from operations?