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Data table Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements one at the $247,000 sales level and one at
Data table Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements one at the $247,000 sales level and one at the $366,000 sales level. (Hint The proportion of each sales dollar that goes foward variable costs is constant within the rolevant rango.) For its top managers, Pluto Travel formats its income statement as follows: (Click the iocn to view the income statement.) Pluto's relovant range is botween sales of $247,000 and $368,000. Read the reguirements Requirement 2. Prepare two contribution margin income statements: one at the $247,000 sales level and one at the $366,000 sales lovel. (Hint The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) First prepare the contribution margin income statement at the $247,000 sales level. (Use a minus sign or parentheses for a losk.)
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