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Destination Travel uses the contribution margin income statement internally. Destination's rst-quarter E (Click the icon to view the income statement.) Data table Destination's relevant range
Destination Travel uses the contribution margin income statement internally. Destination's rst-quarter E (Click the icon to view the income statement.) Data table Destination's relevant range is between sales of $125,000 and $780,000. Requirements 1. Prepare contribution margin income statements at sales levels of $175,000 and $680,000. (Hint: 2. Compute break-even sales in dollars. Destination Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 314,500 Requirement 1. Prepare the contribution margin income statement at the $175,000 level. (Round int with a minus sign or parentheses.) Less: Variable expenses (125.000) Destination Travel Contribution margin 189,500 (185,000) Less: Fixed expenses Contribution Margin Income Statement 4,500 Operating income Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Prepare the contribution margin income statement at the $680,000 level. (Round interim percentages to the nearest whole percent. Enter losses with a minus sign or parentheses.)
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