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 63,360 Contribution margin $24,640 Total Fixed cost 11,200 Operating income $13,440 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