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

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

Line Item Description	Amount
Sales	$92,000
Total Variable cost	69,920
Contribution margin	$22,080
Total Fixed cost	8,400
Operating income	$13,680

Required:

1. Calculate the contribution margin ratio. Note: Enter as a percent, rounded to the nearest whole number. fill in the blank 1 of 1 %

2. Calculate the variable cost ratio. Note: Enter as a percent, rounded to the nearest whole number. fill in the blank 1 of 1 %

3. Calculate the break-even sales revenue for Jeong. Note: Round your answer to the nearest dollar. fill in the blank 1 of 1$

4. How could Jeong increase projected operating income without increasing the total sales revenue?

Decrease variable cost and/or fixed costDecrease the contribution margin ratioAdd more people to the sales forceNone of the above