dist eBook Print Item Contributioo 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 68,640 Contribution margin $19,360 Total Fixed cost 8,360 Operating income $11,000 Required: 1. Calculate the contribution margin ratio. 96 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? Check My Work 3 more Check My Work uses remaining $11,000 Required: 1. Calculate the contribution margin ratio.