eBook Calculator Contribution Margin Ratio, Vanable Cost Ratio, Break-Even Sales Revenue The controller of Ashton Company prepared the following projected income statement: Sales $88,000 68,640 Total Variable cost Contribution margin Total Foxed cost Operating income $19,360 8,580 $10,780 Required: 1. Calculate the contribution margin ratio. 2. Calculate the vanable 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? Decrease variable cost and/or fixed cost Check My Work Previous Next