Contribution Margin Ratio a. Matzinger Company budgets sales of $740,000, fixed costs of $94,900, and variable costs of $421,800. What is the contribution margin ratio for Matzinger Company? b. If the contribution margin ratio for Raynor Company is 33%, sales were $882,000, and fixed costs are $221,210, what is the operating income? $-X Feedback V Check My Work a. Sales minus variable costs equals contribution margin. Contribution margin divided by sales equals contribution margin ratio. b. Contribution margin minus fixed costs equals operating income