Contribution Margin Ratio a. Young Company budgets sales of $1,070,000, fixed costs of $26,500, and variable costs of $117,700. What is the contribution margin ratio for Young Company? % b. If the contribution margin ratio for Martinez Company is 29%, sales were $717,000, and fixed costs were $151,790, what was the operating income? $

a. Young Company budgets sales of $1,070,000, fixed costs of $26,500, and variable casts of $117,700. What is the contribution margin ratio for Young Company? b. If the contribution margin ratio for Martinez Company is 29%, sales were $717,000, and fxed costs were $151,790, what was the operating income