a. Imelda Company budgets sales of $1,300,000, fixed costs of $96,500, and variable costs of $429,000. 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 43%, sales were $550,000, and fixed costs were $172,650, what was the income from operations? $fill in the blank 2