Can you answer these accounting questions?There are three parts on a spreadsheet.

HORNGREN'S ACCOUNTING - Tenth Edition E21-31 For its top managers, Airborn Travel formats its income statements. Airborn's relevant range is between sales of $253,000 and $363,000. Airborn Travel Contribution Margin Income Statement Three months Ended March 31, 2014 Sales Revenue 312500 Variable Costs 125000 Contribution Margin 187500 Fixed Costs 173000 Operating Income 14500 Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $245,000 sales level and one at the $364,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) Solution: Requirement 1 Requirement 2 For Sales Revenue of $245,000: WORLDWIDE TRAVEL Contribution Margin Income Statement For Sales Revenue of $364,000: WORLDWIDE TRAVEL Contribution Margin Income Statement Chapter 21: Cost-Volume-Profit Analysis Page 1 of 3 HORNGREN'S ACCOUNTING - Tenth Edition E21-32 Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: Solution: Number of units Sales price per unit Variable costs per unit Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Chapter 21: Cost-Volume-Profit Analysis A B C 1,300 units 3,600 units 7,500 units 100 40 125 40 10 100 Page 2 of 3 HORNGREN'S ACCOUNTING - Tenth Edition E21-33 Hang Ten, Co. produces sports socks. The company has fixed costs of $91,080 and variable costs of $0.81 per package. Each package sells for $1.80. Requirements 1. Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.) 2. Find the breakeven point in units and in dollars, using the contribution margin approach. Solution: Requirement 1 Requirement 2 Chapter 21: Cost-Volume-Profit Analysis Page 3 of 3