Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue

The controller of Ashton Company prepared the following projected income statement:

Sales	$88,000
Total Variable cost	61,600
Contribution margin	$26,400
Total Fixed cost	12,300
Operating income	$14,100

Required:

1. Calculate the contribution margin ratio. %

2. Calculate the variable cost ratio. %

3. Calculate the break-even sales revenue for Ashton. $