E4-32A (similar to) Question Help Airborne Travel uses the contribution margin income statement internally. Airborne's first-quarter results follow Airborne's relevant range is between sales of $204.000 and $465,000 (Click the icon to view the data.) Requirements 1. What is Airborne Travel's current margin of safety (in dollars)? 2. What is Airborne Travel's current operating leverage factor? 3. If sales volume increases 11% next quarter, by what percentage will Airborne Travel's operating income increase? What will the new operating income be? Requirement 1. What is Airborne Travel's current margin of safety (in dollars)? First, identify the formula to compute the margin of safety Margin of safety in dollars Break-even sales in dollars Contribution margin ratio Fixed expenses Sales Target operating income Variable expenses ar 2 s Windows Airborne Travel uses the contribution margin income statement internally. Airborne's first-quarter results follow. Airborne's relevant range is betwe and $465,000. E (Click the icon to view the data.) Requirements - 1. What is Airborne Travel's current margin of salg 0 Data Table 2. What is Airborne Travel's current operating leve 3. If sales volume increases 11% next quarter, by ? What will the new operatin Requirement 1. What is Airborne Travel's current n First, identify the formula to compute the margin of Airborne Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue S 315,500 Less: Variable expenses 126,000 Contribution margin $ 189,500 Less: Fixed expenses 152,000 $ 37.500 Operating income The break-even sales in dollars is $253 334 Print Done 10 Win