Aussie Travel uses the contribution margin income statement internally. Aussies second quarter results are as follows: Aussies

Question:

Aussie Travel uses the contribution margin income statement internally. Aussie€™s second quarter results are as follows:

Aussie€™s relevant range is sales of between $ 115,000 and $ 680,000.

Requirements
1. Prepare contribution margin income statements at sales levels of $ 190,000 and $ 420,000.
2. Compute breakeven sales indollars.

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Managerial Accounting

ISBN: 978-0133428377

4th edition

Authors: Karen W. Braun, Wendy M. Tietz

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Question Posted: Aug 27, 2014 05:59 AM

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Aussie Travel uses the contribution margin income statement internally. Aussies second quarter results are as follows: Aussies

Question:

Aussie Travel Contribution Margin Income Statement Three Months Ended June 30 4 5 Sales revenue 6 Less: Variable expenses 7 Contribution margin 8 Less: Fixed expenses 9Operating income 10 $550,000 192,500 176,800

Step by Step Answer:

Req 1 Contribution Margin Income Statements Sales revenue 190000 420000 ...View the full answer

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