ats its income statement as follows: ement.) s of $253,000 and $364,000. 0 Data Table ales level. (Hint: me staten hat goes to Universal Travel on margin sto calculate as a whole percer Contribution Margin Income Statement Three Months Ended March 31 2016 Sales Revenue $ 314,500 Variable Costs 135 235 Contribution Margin 179 265 Fixed Costs 176,000 $ 3,265 Operating Income Print Done y number in the input fields and then click Check Answer Clear All Che CU TOT RETTUTO Wacom Curry one OZ Homework: Week Five : Chapter 6: Exercises Save Score: 0 of 1 pt 10 of 15 (o complete) HW Score: 0%, 0 of 15 pts yo E21-31 (similar to) Question Help For its top managers, Universal Travel formats its income statement as follows: Click the icon to view the income statement Universal's relevant range is between sales of $253.000 and $364.000 orked Requirements 1. Calculate the contribution margin ratio nt Sco 2. Prepare two contribution margin income statements: one at the S253,000 sales level and one at the 5364,000 sales level (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant rango) apts: homew Requirement 1. Calculate the contribution margin ratio Select the labels and enter the amounts to calculate the contribution margin ratio (Enter the contribution margin ratio as a whole percentage, X%.) Contribution margin ratio 521-3 tsir % $21-8 (sid E21-27 ( E21 34 1-6 (si 1.16 1-335 see what to OK Choose from any list or enter any number in the input fields and then click Check Answer 2 parts Clear All Check Answer remaining This course (ACCT como com