Contribution Margin Ratio a. Imelda Company budgets sales of $980,000, fixed costs of $22,100, and variable costs of $98,000. 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 38%, sales were $598,000, and fixed costs were $163,610, what was the income from operations?

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