Contribution Margin Ratio a. Imelda Company budgets sales of $970,000, fixed costs of $74,200, and variable costs of $329,000. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number) % b. If the contribution margin ratio for Peppa Company is 37%, sales were $898,000, and fixed costs were $252,520, what was the income from operations?