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 64,240 Contribution margin $23,760 Total Fixed cost 10,800 Operating income $12,960 Required: 1. Calculate the contribution margin ratio. % 2. Calculate the variable cost ratio. % 3. Calculate the break-even sales revenue for Ashton. 4. How could Ashton increase projected operating income without increasing the total sales revenue? % 2. Calculate the variable cost ratio. % Decrease variable cost and/or fixed cost enue for Ashton. Decrease the contribution margin ratio Add more people to the sales force None of the above d operating income without in