Airborne Travel

Contribution Margin Income Statement

Three Months Ended March 31, 2024:

Net Sales Revenue $318,500

Variable Costs 111,475

Contribution Margin 207,025 Fixed Costs 173,000

Operating Income 34,025

please answer all 12 parts, be open to further follow up questions in the comments and Ill thumbs up!

Airborn's relevant range is between sales of $254,000 and $363,000. Read the requirements. ... Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution ratio as a whole percentage, X%.) = Contribution margin ratio % - Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $254,000 sales level and one at the $363,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) X