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Airborne Travel uses the contribution margin income statement internally. Airborne's first quarter results are as follows: (Click the icon to view the income statement.) Airborne's
Airborne Travel uses the contribution margin income statement internally. Airborne's first quarter results are as follows: (Click the icon to view the income statement.) Airborne's relevant range is sales of between $125,000 and $670,000. Read the Requirement 1. Prepare contribution margin income statements at sales levels of $180,000 and $430,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $180,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Data table
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