Question: Exercise 7-38 Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Jeong Company prepared the following projected income statement: Sales $92,000 Total

Exercise 7-38 Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Jeong Company prepared the following projected income statement:

Sales $92,000 Total variable cost 26,680 Contribution margin $65,320 Total fixed cost 42,600 Operating income $22,720 Required:

1. Calculate the contribution margin ratio.

2. Calculate the variable cost ratio.

3. Calculate the break-even sales revenue for Jeong.

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

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