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Aussie Travel uses the contribution margin income statement internally. Aussie's first quarter results are as follows: (Click the icon to view the income statement.)

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Aussie Travel uses the contribution margin income statement internally. Aussie's first quarter results are as follows: (Click the icon to view the income statement.) Aussie's relevant range is sales of between $130,000 and $700,000. Read the requirements. Data table The breakeven sales in dollars is A 1 B Aussie Travel Contribution Margin Income Statement 2 3 Three Months Ended March 31 4 Sales revenue $ 435,000 Less: Variable 5 expenses 87,000 Contribution 6 margin $ 348,000 Less: Fixed 7 expenses 170,000 8 Operating income $178,000 - Requirement 1. Prepare contribution margin income statements at sales levels of $270,000 and $410,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $270,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Aussie Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Now prepare the contribution margin income statement at the $410,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Aussie Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Requirement 2. Compute breakeven sales in dollars. Begin by identifying the formula to compute the breakeven sales in dollars. Breakeven sales in dollars

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